Public service pensions: good pensions that last

Document type
Report
Corporate author(s)
Great Britain. Treasury
Publisher
TSO
Date of publication
1 November 2011
Series
Cm 8214
Subject(s)
Poverty Alleviation Welfare Benefits and Financial Inclusion
Collection
Social welfare
Material type
Reports

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In this paper the government sets out its its preferred design for public sector pensions.  The government is asking public sector workers to retire later, contribute more to their pension scheme, and to accept annual increases linked to the Consumer Price Index instead of the Retail Price Index.  In return, the government will continue to offer public sector workers a generous defined benefit pension.  The reforms will not be applied to staff within ten years of retirement at April 2012.

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