Welfare Reform on the Web (July 2004): Pensions - UK

HAS THE SUN SET ON THE GOLDEN AGE OF NHS PENSIONS?

I. Trueland

Health Service Journal, Vol. 114, June 10th 2004, p.10-11

Government has signalled its intention to reform the NHS's generous final salary pension scheme. One option being considered is to replace it with a scheme in which pensions would be based on career average, rather than final salaries. At the same time, the retirement age for NHS employees would be raised from 60 to 65 years.

PENSIONS ADVISORY BODY WANTS SHAKE-UP

N. Timmins

Financial Times, June 23rd 2004, p.1

The government's chief independent advisory body on pensions has entered the debate over compulsory retirement ages, saying there should either not be one at all or, if one is set, it should be significantly higher than 65.