Public Sector Pensions May Not Rise

Public sector workers may not have to make extra contributions so long as they are willing to make cuts elsewhere.

While Government may still be planning to go ahead with the increase contributions plan set for April 2012, TUC have held talks to find other options and Government officials have said they may be able to avoid the increases.

“The government remains committed to securing the full Spending Review savings of £2.3bn in 2013-14 and £2.8bn in 2014-15, requiring each scheme to find savings equivalent to a 3.2 percentage point increase,” said the Chief Secretary to the Treasury, Danny Alexander.

 

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