Tory peer warns Osborne over LGPS increase

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UK - The Conservative chairman of the Local Government Association has attacked coalition plans to hike council worker pension contributions warning the move would lead to mass opt-outs.

Tory peer Baroness Eaton wrote to Chancellor George Osborne warning him plans to raise an extra £900m ($1.4m) of income by 2014/15 by raising contributions by 3.2% will lead to a massive opt-out ra...

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