Pension Reform

Part of Oral Answers to Questions — Work and Pensions – in the House of Commons at 2:30 pm on 31st October 2005.

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Photo of David Blunkett David Blunkett The Secretary of State for Work and Pensions 2:30 pm, 31st October 2005

My right hon. Friend the Deputy Prime Minister has been chairing the tripartite forum to endeavour to find a solution that meets the statutory requirements to balance the books and deals with the separate issue of how this equates to public service pensions more generally, which is being dealt with by my right hon. Friend the Secretary of State for Trade and Industry. It is important that people have choices about their retirement. It is also important that they are aware of the consequences of the particular age at which they retire and the longevity that they can expect. All of us, whether in the public or private sector, have to take that on board personally.

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john watt
Posted on 1 Nov 2005 4:33 pm (Report this annotation)

"It is also important that they are aware of the consequences of the particular age at which they retire and the longevity that they can expect. All of us, whether in the public or private sector, have to take that on board personally."

A very honourable statement mr Blunkett, considering the MP pension scheme was fixed by yourselves a couple of years ago, when you dug a moat around it and filled it with crocodiles, so that no one could touch it. Then this Government decided to attack the public sector pension scheme, and make employees work longer for the same or less pension.

Look at the police and fire pension schemes, where successive Governments forbid local authorities from investing the contributions, so that the "excess" monies at that particular time could be used for the builing of public buildings, ie hospitals, schools, libraries etc.

Put the money back in that Government has taken out and there would be no deficit.

A case of having a cake and eating it...