Sentences with phrase «mean public sector pensions»
The reforms would mean public sector pensions would «remain considerably better than available in the private sector».
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Conference commits the National Executive to working with the TUC to challenge, using all appropriate means, including industrial action, any attempt by the Government, in response to and as a remedy for economic difficulties or recession, to worsen pension provisions for teachers or other public sector workers.
That means making sure that public sector pay and pensions reflect the realities of the economic situation.
The union says the government's slash and burn approach to tackling the budget deficit will mean vital public services are axed, hundreds of thousands of public sector workers will be thrown out of work, and those that remain will have their pay and pensions cut.
By lumping in public sector pensions with «welfare» Osborne has stretched the definition of the word beyond any commonly understood meaning.
However, the VDC plan also has several significant advantages: members vest in a year, compared to 10 years years for any current DB pension plan; they can control their own investment profile with the advice of experts; and the DC plan is portable, meaning it follows employees when they change jobs in the public or private sectors, in or out of New York.
Hundreds of thousands of public sector jobs are threatened, pay is being frozen or set below inflation and the government has made it clear it will implement Lord Hutton's proposals on public sector pensions, meaning civil and public servants will pay more and work longer for a lower pension.
38 % of people think public sector pensions are too generous, 25 % about right and 11 % not generous enough (meaning there is a broadly even split between people who think they are too high, and people who think they are about right or not high enough).
As a 2013 Pensions Policy Institute (PPI) report found, that means public sector workers end up with a pension worth up to a third less than under previous rules.
This is what most people mean by a company pension, although the classic version of such pension plans is becoming rarer and rarer outside the public sector.
«Retirement income» means income from federal, state and local governments» retirement plans, Social Security, Railroad Retirement, private pension plans, and deferred compensation plans in the public and private sectors.