Thousands of union members will take part in a series of protests today against controversial plans to
reform public sector pension 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.
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.
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 re
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 re
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 re
public sector pensions have been final salary Defined Benefit (DB) schemes that pay a proportion of the salary you were on before you re
sector 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.