A pub­lic sec­tor pen­sion so­lu­tion

The Peterborough Evening Telegraph - - Your - DAVID VANSTONE Ailsworth, near Peter­bor­ough

GIVEN the news that the Govern­ment is press­ing ahead with pub­lic sec­tor pen­sion changes with­out con­sen­sus agree­ment, and given that pub­lic sec­tor work­ers will be re­tir­ing at an age when they will also col­lect their state re­tire­ment pen­sion and cease pay­ing NHS con­tri­bu­tions, a 40/60 oc­cu­pa­tional pen­sion seems un­nec­es­sar­ily gen­er­ous: at least for those with the full 40 years qual­i­fy­ing ser­vice.

An op­tion to pay con­tri­bu­tions for a 40/80 pen­sion would be more in line with pri­vate sec­tor prac­tice and would avoid the ne­ces­sity of rais­ing con­tri­bu­tion lev­els for work­ers choos­ing this op­tion and may, hope­fully, defuse the im­me­di­ate sit­u­a­tion.

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