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Public sector workers to pay more and retire later
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PostPosted: Mon Mar 14, 2011 9:48 am 
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Joined: Tue Mar 10, 2009 1:21 pm
Posts: 1457
Location: Hampshire
Pension reforms:
Hutton review recommends nurses, teachers and other state employees lose final salary pension scheme and work six years longer.

Six million public sector workers are to lose their generous final salary pension schemes and will have to work for up to six years longer under plans to ease the state's £30bn pensions liability.

A government-commissioned report by Lord Hutton, the former Labour pensions secretary, proposes sweeping changes to state pensions that will mean nurses, doctors, teachers, local government and other public sector workers will have to pay more into their pension pots, retire later and many will receive less when they do. more


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