Proceeding contribution from Danny Alexander (Liberal Democrat) in the House of Commons on Tuesday, 20 December 2011. It occurred during Ministerial statement on Public Service Pensions.
Public Service Pensions
The actuarial factors have not changed. Early retirement pensions will still be calculated on an actuarially fair basis, although of course that in itself changes over time according to the actuarial assumptions. The only exception is the teachers' scheme. There has been discussion about modest enhancements to early retirement factors at the cost of the accrual rate for retirement ages over 65, as and when the state pension age exceeds 65. The teaching unions made that a priority in their negotiations, and we have chosen to agree with them.
Secondary information
- Type
- Proceeding contribution
- Reference
- 537 c1217
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Age Contributions Civil servants Civil service Increases Local government NHS Workplace pensions Pensions Public sector Pension rights Teachers Reform Retirement Uprating Consumer prices index
- Link
- View this Proceeding contribution on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2023-12-15 14:54:24 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_796821
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