Tag: public sector pensions

Agreement reached over council pensions

Agreement reached over council pensions

After months of talks, employers and trade unions have agreed to introduce career-average pension schemes for all 1.6 million local authority employees. The proposed new scheme, known as LGPS 2014, would start in 2014 as the name suggests. It would require higher paid staff to contribute significantly more to their pension than they do at [...]

June 1, 2012 | 0 Comments More
Public sector pension strike planned for May

Public sector pension strike planned for May

A further strike against the government’s proposals to reform public sector pensions is expected next month. The dispute has continued for a year now, with a million public sector workers from a number of unions taking part in a general strike in November. Members of The Public and Commercial Services union (PCS) and health union [...]

April 18, 2012 | 0 Comments More
Courts rule government’s pension switch lawful

Courts rule government’s pension switch lawful

The High Court has decided that the government’s decision to use the Consumer Prices Index (CPI) to inflation-proof public sector pensions, rather than the traditionally-used Retail Prices Index (RPI), was lawful. The legal challenge to the change, which came into force in April, was launched by Trade unions who claimed that the change was made [...]

December 2, 2011 | 0 Comments More
Linking pensions to CPI costly for workers

Linking pensions to CPI costly for workers

Last year’s decision to tie public sector pensions to the consumer prices index (CPI) rather than the retail prices index (RPI) will result in pay-outs being reduced by over 17 per cent over 15 years, according to the TUC. In 2010 the government decided that pensions would rise in line with the CPI, which increases [...]

December 1, 2011 | 0 Comments More
FDA joins public sector pensions strike

FDA joins public sector pensions strike

Support for a planned public sector strike on 30 November is increasing, with 81 per cent of FDA union members who took part in a ballot, voting in favour of industrial action. The FDA union represents senior managers and professionals in the public sector including government policy advisors, economists, solicitors, and members of the NHS. [...]

November 15, 2011 | 0 Comments More