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The International Graduates Scheme (IGS) was a UK immigration scheme which was launched on 2 May 2007 and ended on 30 June 2008, when it was replaced by Tier 1 (Post Study Work). It allowed non- EEA nationals who successfully complete a relevant UK degree or postgraduate qualification to work or set up a business in the UK for 12 months without ...
The final-salary pension scheme available to members who had joined before the 2011 changes was closed. Benefits previously accrued were protected, but frozen at a level relating to an employee's salary as of March 2016 (uprated annually by inflation). All active members were entered into the CARE scheme (see above).
Howard Glennerster, a London School of Economics economist, was an early proponent of the graduate tax in the 1960s along with several other LSE economists. In 1968, Glennerster had identified problems with the higher education system which was at that time funded almost exclusively through general taxation, “in the United Kingdom, higher education is now financed as a social service.
Graduate recruitment, campus recruitment or campus placement refers to the process whereby employers undertake an organised program of attracting and hiring students who are about to graduate from schools, colleges, and universities. [1] [2] Graduate recruitment programs are widespread in most of the developed world.
A person must work in a school as an unqualified teacher in order to participate in the programme, which can last from three months to a year. The Department for Education announced in mid-2012 that The Graduate Teacher Programme will no longer exist, and has now been replaced with a new scheme called School Direct. [1]
In 2014 the LGPS changed from a final salary scheme to a career average scheme. [3] In 2015, the UK government began the process of LGPS pension pooling, whereby individual LGPS funds across England and Wales were gathered into larger pools, in order to reduce costs and target infrastructure investment, among other priorities; priorities were ...
One key feature of the current scheme (dating from 2015) is that members pay no employee contribution, with the pension being entirely funded from the public purse. Each year a scheme member accumulates 1/47th of their salary, with a retirement age of 60. The annual pension payment increases each year in line with the Consumer Price Index. [35]
The rate will range from RPI for those earning up to £21,000 per annum, up to a maximum of RPI+3% at a salary of £41,000 and above. [30] On average students with loans taken after September 2012 would initially accrue £44,000 of debt. [28] [needs update]. This average loan balance increased further from academic year 2016/17 with the large ...