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Welfare Reform on the Web (February 2005): Pensions - UK

RETIRING DISGRACEFULLY

P. Gosling

Public Finance, Jan. 21st-27th 2005, p.22-25

Government is planning to reform public sector pension schemes to contain costs and to produce fairer outcomes for low paid staff. They propose raising the retirement age to 65 and replacing final salary pensions with ones based on career average earnings. Article reports response from unions and professionals in the field.

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