New Offer On the table for UK Public Sector Pensions

by liamssoft | November 2, 2011 at 02:06 pm

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The government is urging unions to accept revised proposals it has made for public sector pensions, which it says are a "deal for a generation".

No-one within 10 years of retirement will have to work longer or see their pension income decrease as a result.

David Cameron told MPs the improved offer was "very fair" to workers.

But union leaders said the package was a "long way" from being accepted and preparations for strike action later this month on 30th November would go ahead. www.bbc.co.uk

Trade union leaders are to press ahead with plans for a national strike, involving up to 3 million public sector workers, after the TUC gave a lukewarm response to a series of concessions on pensions reforms from the government.

Union leaders said they still had a series of concerns about government plans to raise the retirement age and to increase employee contributions. Unions are also challenging the government in the courts over plans to uprate pensions by inflation at the lower CPI rate rather than the higher RPI rate. www.guardian.co.uk