Sentences with phrase «pension sector reforms»

Not exact matches

But rather than supporting the idea that all Canadians should have comfortable retirements — say, by reforming CPP, and protecting private sector employees against company bankruptcy — the authors see public sector pensions as just more «premium.»

The bruising process of reforming public sector pensions will not save the taxpayer any money, a respected economic thinktank has argued.

Cabinet Office minister Francis Maude struggled when under forensic examination on the Today programme this morning, when he was seemingly unable to answer why public sector pension reform was needed when its cost as a share of GDP was set to fall.

John Hutton's interim findings on public sector pension reform are a welcome first step towards tackling one of the toughest challenges facing Britain today.

And he's convinced that Miliband will find it hard to unveil a credible set of alternatives to big - ticket items like public sector pension changes, NHS reform, new schools and other shake - ups.

Trade unions from across the public sector are warning Labour that there is «widespread anger and resentment» over proposed reforms to the public sector pension schemes.

If the Government adopt his ideas on public sector pension reform, they will have missed a golden opportunity and will have saddled future generations with unimaginable levels of debt.

Commenting on remarks made by Ed Miliband on public sector pension reform during his Question & Answer session at TUC Congress, Christine Blower, General Secretary of the National Union of Teachers, the largest teachers» union, said this:

The recent publication of the Hutton Report on public sector pensions is the beginning of significant future reforms to the pensions of millions of public sector workers, many of whom may have to work longer and contribute more.

I was on the Work and Pensions Select Committee with Purnell during the Parliament before last, and he took a cool, dry - eyed, private sector - friendly view of how IB should be reformed.

On Wednesday, the unions will attempt to bring the country to its knees because of the Coalition's plan to reform the public sector's unsustainable pension system.

To his credit, Prime Minister David Cameron and his ministers have been robust in defending the reforms, saying that the changes are designed to make public sector pensions affordable for the long term and failure to reform will bankrupt the whole system, a point even many on the Labour benches recognise.

In just two years we have taken on some challenges — such as reforming student finance and public sector pensions — which previous Conservative governments failed to tackle in decades.

«Public sector pensions were reformed by the last government with increased contributions and later retirement ages.

Further clarification of the proposed reforms to public sector pensions has been released today by the government.

«They've already raided the pensions of Sellafield workers once, and now they're coming back for a second bite of the cherry, on the entirely spurious grounds that they fall under the government's public sector pension reform.

Government reforms have reduced the average value of public sector pension schemes by around three per cent, from 24 per cent to 21 per cent of salary, the Pensions Policy Institute (PP) has said.

The Government's reform of the gold plated public sector pensions are not tough enough.

The reforms would mean public sector pensions would «remain considerably better than available in the private sector».

Again, he cites public sector pension reform.

Responding to the report published today by Policy Exchange arguing for reform of the public sector pay and pensions frameworks, Chris Keates, General Secretary of the NASUWT, the largest teachers» union, said: «This report appears to be another example of supporters of the Coalition Government seeking to rally support for localised pay in the face of a dearth of evidence to back up the Coalition's proposals for the abolition of national pay frameworks for public services.

And we're reforming public sector pensions so they are generous to public servants and also fair to taxpayers.

Thousands of union members will take part in a series of protests today against controversial plans to reform public sector pension reforms.

Pension reform is a key plank of the coalition's economic policy, it has tasked Labour peer Lord Hutton with bringing about a new system for public sector schemes that is sustainable.

It is this: public sector pensions are» unaffordable», out of synch with private pensions, and have to be «reformed».

McCluskey said industrial action and protests were a valid response to the government's public sector pension reforms and pay freezes.

When I raised public sector pensions reform, Miliband looked horrified.

Passengers are being warned to avoid flying tomorrow as airports are dragged into the strike disruption over public sector pension reforms.

Cathy Newman's verdict The public sector may have carried out some reforms to their pensions, but it simply doesn't compare to the pain endured by their private colleagues.

Public sector unions can breathe a sigh of relief after last month's state Supreme Court ruling: an Illinois pension reform law that would have cut benefits for existing workers was declared unconstitutional.

The reforms therefore do not affect the pension built up in the TPS, however, any other pension savings they have that are not in public sector pension schemes may be eligible to be used under the new pension freedoms.

PUBLIC SECTOR PENSION REFORMS Traditionally, public sector pensions have been final salary Defined Benefit (DB) schemes that pay a proportion of the salary you were on before you reSECTOR PENSION REFORMS Traditionally, public sector pensions have been final salary Defined Benefit (DB) schemes that pay a proportion of the salary you were on before you resector pensions have been final salary Defined Benefit (DB) schemes that pay a proportion of the salary you were on before you retired.

After all, the concerns that handed former governor Arnold Schwarzeneggar's first major defeat — the slew of propositions that would have addressed pension reform, budget reform, teacher tenure rules and other issues that would have kept our state on an even economic keel — were thrown asunder by the public sector unions who now OWN this state.

The teachers unions oppose reforms like Vergara, they oppose free speech lawsuits like Friedrichs vs. the CTA, they oppose charter schools, they fight any attempts to invoke the Parent Trigger Law, and they are continually agitating for more taxes «for the children,» when in reality virtually all new tax revenue for education is poured into the insatiable maw of Wall Street to shore up public sector pension funds.

More generally, we demonstrate the utility of using structural retirement models to analyze fiscal and workforce effects of changes to public sector pension plans, since the effects of pension reforms cumulate over many years.

However, the new judicial pension scheme would be «in line with» reforms to the public - sector pension scheme and would reflect Lord Hutton's independent report into public - service pensions in 2011.

As part of ongoing public sector pension scheme reforms, members of both the firefighters» and judicial pension schemes were compulsorily transferred into new arrangements with less favourable retirement benefits, including a lower rate of accrual and a higher normal pension age.

The fire - fighters alleged that the reforms made to their pensions following the Hutton Report into public sector pensions were discriminatory of the grounds of age, sex and race.

Poor fund returns and the closure of defined benefit schemes are driving reform of pensions in the charity sector...