Civil servants must work till 66

[Hopeless Romantic]

Chief secretary to Treasury to confirm that pension age for public servants will rise to match state pension age, which is increasing to 66

Public sector workers must accept they will have to work longer and pay more into their pension pots in order to guarantee that they continue to receive better pensions than those in the private sector, Danny Alexander, the chief secretary to the Treasury, has said.

Alexander announced key details of the new pension plan for six million public servants in a speech to the Institute for Public Policy Research thinktank on Friday.

He confirmed that the pension age for public servants will rise to match the state pension age – which itself is rising to 66 – although police and firefighters will spared.

Generous final salary schemes will be scrapped and replaced with benefits based on a career average. Most controversially, contributions will rise, taking more money out of civil servants' pay packets.

more http://www.guardian.co.uk/society/2011/jun/17/public-sector-pensions-danny-alexander

[non sociopath skin]

1. And one assumes that MPs pensions will be subject to the same logic.

:wow:

In yer dreams, man.

The Skin

[non sociopath skin]

2. Apparently not

http://www.guardian.co.uk/commentisfree/2011/jun/17/francis-maude-rhodium-plated-pensions

The Skin

[Hopeless Romantic]

3. LOL

:rofl: