- Public sector pensions will remain among the very best available – a guaranteed level and inflation proofed.
- Most will see no reduction in the pension income they receive at retirement and many low and middle income earners will in fact receive a larger pension income at retirement.
- Low earners making under £15,000 a year (FTE) - that’s 15 per cent of the workforce - will not have to make increased contribution. Another million workers earning up to £21,000 will have their total increase limited to 1.5 per cent over three years.
- The pension people have built up so far will be protected: a guaranteed benefit in retirement free from market fluctuations or fees - something all but eliminated elsewhere.
- No-one within ten years of retirement will see any change in the age they retire or in the amount of pension they will receive on retirement.
- Only one in three workers in the private sector have an employer contribution at all, while nearly nine in ten in the public sector do.
- Only 2.1 million people in the private sector, around 10% of private sector workers, are active members of a defined benefit pension scheme, with guaranteed benefits in retirement.
- Added 30.11.11: It should be noted that a very significant factor in the increasing cost of pensions is good news: on average we are living longer and benefit from pension payments for longer.
Wednesday, 30 November 2011
Former deputy leader of the SNP Jim Sillars lives locally. He has been speaking out on a couple of issues recently. First, here is today...
From time to time I get updates from the local police. I include below a paragraph indicating some work the police have been doing in rela...
Between Monday 27th March and Friday 31st March there will be some restrictions on parking in MacDowall Road whilst road resurfacing takes ...
I note there has been a £650k cash injection to the Queen's Hall in Clerk Street which will give a bit of financial stability over the ...