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
I think that it would be in the national interest to have a proper cross-party consensus on today's proposals. The hon. Gentleman is right to highlight the increases in longevity. By linking the normal pension age to the state pension age we can ensure that the taxpayer is protected from that in future, because as longevity increases, the state pension age can be changed. That is the right way to protect pensions, rather than the previous Government's cap and share arrangement, which would have meant complex negotiations every three years. That would have resulted in both increases in contributions and reductions in benefits every three years. By setting out this scheme now, we have one that can last for 25 years without the need for further negotiation.
Secondary information
- Type
- Proceeding contribution
- Reference
- 534 c946
- 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 18:24:39 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_780946
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