Public sector pensions offer ‘improved’

-

The government is said to be looking at improving the offer currently on the table for the reform of public sector pensions by ensuring better accrual rates and raising the limit on state contributions.

With unions set for a nationwide strike at the end of the month, ministers have let it be known that this “enhanced offer” is genuine and union leaders have been attending a meeting at the Cabinet Office with Chief Secretary to the Treasury Danny Alexander and Cabinet Office minister Francis Maude.

The government has insisted that while most public sector workers would pay in more and work for longer, those on low and middle incomes would get a pension as good as or even better than they would get now.

But GMB national secretary Brian Strutton disputed this, pointing out that to get their pensions, employees would have to work eight years longer.

HRreview Logo

Get our essential weekday HR news and updates.

This field is for validation purposes and should be left unchanged.
Keep up with the latest in HR...
This field is hidden when viewing the form
This field is hidden when viewing the form
Optin_date
This field is hidden when viewing the form

 

“I’m hoping that what comes forward [from this meeting] is a sign that government is negotiating genuinely,” he told the BBC. “I hope rumours of final positions aren’t true because we will need to examine whatever’s said if we are to give it any sort of chance of working.”

Latest news

Exclusive: London bus drivers’ ‘dignity’ at risk as strikes loom over welfare concerns

London bus drivers raise concerns over fatigue and lack of facilities as potential strikes escalate long-standing welfare issues.

Whistleblowing reports ‘surge by up to 250 percent’ at councils as new rights take effect

Whistleblowing cases are rising across UK councils as stronger workplace protections come into force, though concerns remain about underreporting of serious issues.

Bullying and harassment to become regulatory breaches under new FCA rules

New rules will bring bullying and harassment into regulatory scope, as firms face rising reports of workplace misconduct.

Personalising the Benefits Experience: Why Employees Need More Than Just Information

This article explores how organisations can move beyond passive, one-size-fits-all communication to deliver relevant, timely, and simplified benefits experiences that reflect employee needs and life stages.
- Advertisement -

Grant Wyatt: When the love dies – when staying is riskier than quitting

When people fall out of love with their employer, or feel their employer has fallen out of love with them, what follows is rarely a clean exit.

£30bn pension savings window opens for employers ahead of 2029 reforms

UK employers could unlock billions in National Insurance savings by expanding pension salary sacrifice schemes before new limits take effect in 2029.

Must read

Jim Moore: Salads not meltings pots: An inclusive approach to religious diversity in the workplace

Ahead of Ramadan, Jim Moore explores religious diversity in the workplace, writing that inclusion is "about recognising and valuing these differences, rather than trying to melt them away."

Chris Coughlan: Top GDPR issues for HR

Implementation of the GDPR will require several parts of the business working together to ensure that all aspects of data storage and processing within the business is GDPR ready.
- Advertisement -

You might also likeRELATED
Recommended to you