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

Helen Wada: Why engagement initiatives fail without human-centric leadership

Workforce engagement has become a hot topic across the boardroom and beyond, particularly as hybrid working practices have become the norm.

Recruiters warned to move beyond ‘post and pray’ as passive talent overlooked

Employers risk missing most candidates by relying on job boards as hiring methods struggle to deliver quality applicants.

Employment tribunal roundup: Appeal fairness, dismissal reasoning, discrimination tests and religious belief clarified

Decisions examine appeal failures, dismissal reasoning, discrimination claims and religious belief, offering practical guidance on fairness, causation and proportionality.

Fears of AI cheating in hiring ‘overblown’ as employers urged to rethink assessments

Employers may be overstating concerns about AI misuse in recruitment as evidence of candidate manipulation remains limited.
- Advertisement -

More employees use workplace health benefits, but barriers still limit access

Many workers struggle to access employer healthcare support due to confusion, costs and unclear processes.

Gender pay gap in tech widens to nine-year high as AI roles drive salaries

Women in IT earn less as salaries rise faster in male-dominated AI and cybersecurity roles, widening pay differences.

Must read

Mark Eltringham: The greatest challenge for the modern workplace is how to engineer serendipity

It’s not often that workplace management becomes national news...

Cassie Petrie: Disconnect between HR and finance will impact your bottom line

The alignment between HR and finance has never been more critical. Yet, many business leaders are still operating in silos with outdated divisions.
- Advertisement -

You might also likeRELATED
Recommended to you