«The NUT is party to the TUC negotiations with Government to
protect public sector pensions.
Many states
protect public sector pension benefits with strong, near ironclad legal rules that make it tough - to - impossible to reduce benefits for existing workers.
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.»
Former prime minister Gordon Brown said in April 2014 that Scotland had an above - average share of the
public -
sector pension bill and concluded that
pensions would be
protected by sharing risks and resources within the UK.
Despite the promise of the Coalition Government to
protect accrued
pension rights, regardless of the outcome of the current Review of
public sector pensions, millions of
public sector workers are now facing a retirement beset by worry and financial uncertainty following the Coalition Government's decision to switch
pension calculations from the Retail Price Index (RPI) to the Consumer Price Index (CPI).
The parties commit to establishing an independent commission to review the long term affordability of
public sector pensions, while
protecting accrued rights.
«These are the same people who
protected their own
pension scheme but cut the
pensions of the lowest - paid
public sector workers,» he added.
Public sector workers have their
pensions protected, even if another provider takes over the service, under «fair deal» rules agreed by Labour in the late 1990s.
And unlike a
public sector pension plan, which is
protected by the state constitution and whose benefits can't be diminished even in an economic crisis, the retirement savings plan the city is proposing would be very much subject to the vagaries of the market.
«While the government must
protect the employment and
pensions of Carillion's
public sector workers it must also take a long hard look at its encouragement of private
sector involvement in schools and the unnecessary risks being taken with children's education and wellbeing.»