Cabinet Office written question – answered at on 7 September 2011.
The Government are meeting with the Trades Union Congress tomorrow as part of the ongoing talks on public sector pension reform, which were set up at the request of the unions.
Public service pensions will remain among the very best, providing a guaranteed pension level for all employees. Today very few private sector employers still offer guaranteed pension levels.
But people today are living much longer—the average 60 year old is living 10 years longer now than they did in the 70s.
And we are asking employees to pay more towards the cost of their pension. This makes for a fairer balance between what employees pay and what other taxpayers have to pay.
While scheme specific consultations on proposed year one pension contribution increases are already under way, there is still much to discuss with the unions centrally about wider, long-term pensions reform.
Yes1 person thinks so
No3 people think not
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