Govt lays out pace of public sector contribution hikes

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The government has laid out the pace of the 3.2 percentage point increase in employee contribution by phasing it in gradually over three years, Danny Alexander confirms.

Plans to make £2.8bn worth of savings to public sector pensions by hiking contributions by an average of 3.2 percentage points will take effect in 2014/2015 after a mooted announcement from Chancel...

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