«Lord Hutton's final report is a big step forward towards making
public sector pensions affordable and sustainable in the long - term.
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.
Not exact matches
To support private
sector efforts in expanding access to housing, the Ministry of Finance will partner with banks,
pension trustees and securities market players to start a process of developing and deepening the local mortgage and housing finance market to offer
affordable mortgages at subsidized interest rate beginning with
public sector workers.
The government is sticking to its proposals despite the National Audit Office, Lord Hutton himself and most recently the Commons
public accounts committee confirming
public sector pensions are
affordable now and sustainable in future.
Public sector pensions will become more
affordable.