UK - Scotland's new Local Government Pension Scheme (LGPS) has received support from members of the country's largest local government union.
Announcing the ballot result, Mike Kirby, Scottish convenor at Unison, said: "We welcome this comprehensive vote of confidence in the new scheme that Unison has been instrumental in delivering."
Unison said the Scottish scheme contained different provisions to that of the LGPS introduced in England, Wales and Northern Ireland last week, which received criticism from members (Global Pensions Weekly Edition, 4 April 2008, page 3).
It said contributions in the Scottish scheme were based on a tiered contribution rate similar to the tax banding system, meaning that employees had a gradual rise in contributions as salary increased, and avoided the 'cliff edge' position of simple banded contributions.
Unison said, while workers' pension contributions would increase overall, the new system meant the lower paid would end up paying less.
"It is clear from the improvements that have been achieved that it is possible to maintain and improve a decent final salary scheme, which is fair to both employers and employees, provides a decent level of pension, and is sustainable in overall cost," Kirby said.
"It is an object lesson to those directors in the private sector who shout about the need to cut staff pensions whilst maintaining their own gold-plated pensions, that with fair contributions from both employees and employers, it is still possible to offer decent pension options, pensions that can be an incentive to attract the valuable staff required to deliver quality public services."
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