Proceeding contribution from Danny Alexander (Liberal Democrat) in the House of Commons on Wednesday, 2 November 2011. It occurred during Ministerial statement on Public Service Pensions.
Public Service Pensions
It is true that I gave the figure of 1% of the pay bill. That is an assumption that was audited by the Office for Budget Responsibility and published in the relevant fiscal forecast that it presented. It is precisely for the reason given by the hon. Lady that we have chosen to tier the pension contribution increases according to income, so that no one earning less than £15,000 a year will experience any contribution increase. Those earning between £15,000 and £21,000 a year will experience a much reduced increase, while the heaviest burden of increases will be borne by the highest earners. That is the right and proper way in which to ensure that there are no opt-outs.
Secondary information
- Type
- Proceeding contribution
- Reference
- 534 c939-40
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Contributions Workplace pensions Public sector Reform Trade unions Strike ballots Strikes
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 13:49:30 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_780901
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