Uber to roll out pension plans for UK drivers

Uber Technologies said it would start rolling out its pension plan to all eligible drivers in the United Kingdom, months after the ride-hailing service granted workers' rights to its drivers in the country, reports Reuters.

In March, Uber had reclassified its more than 70,000 drivers in Britain as workers following a Supreme Court ruling. Uber had also said it would offer guaranteed entitlements, including holiday pay, a pension plan and limited minimum wage.

On Friday, the Silicon Valley company said it would contribute 3% of a driver's earnings into a pension plan, while drivers can choose to contribute a minimum of 5% of their qualifying earnings.

Britain's GMB union represents Uber's drivers in the country, and has the right to negotiate on behalf of the workforce.

Uber and GMB also urged other ride-hailing companies like Ola, Bolt and Addison Lee to offer similar benefits to their drivers.