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TUC - Public Accounts Committee says public service pensions are sustainable

Commenting on the Public Accounts Committee report The impact of the 2007-2008 changes to public service pensions published today, TUC General Secretary Brendan Barber said:

'This report confirms what unions have been saying all along - that the reforms from a few years ago put public service pensions on a sustainable footing for the long term.

'Yet despite this, the government is looking to hike contribution rates to make short term savings and overhaul the schemes at the same time. It's no wonder that public service workers are anxious about the future of their pensions.

'The Public Accounts Committee makes a number of important points including asking for clearer information from the Treasury, calling for ministers to test whether reducing the value of pensions will make it harder to attract and keep good public service workers, and whether cuts to pensions will mean more people relying on means tested benefits in retirement. '

NOTES TO EDITORS:

- All TUC press releases can be found at www.tuc.org.uk

- Register for the TUC's press extranet: a service exclusive to journalists wanting to access pre-embargo releases and reports from the TUC. Visit www.tuc.org.uk/pressextranet

Contacts:

Media enquiries:
Liz Chinchen T: 020 7467 1248 M: 07778 158175 E:
media@tuc.org.uk
Rob Holdsworth T: 020 7467 1372 M: 07717 531150 E: rholdsworth@tuc.org.uk
Elly Gibson T: 020 7467 1337 M: 07900 910624 E: egibson@tuc.org.uk

 

 

 

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