Flexibility for public sector accrual rates

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Accrual rates for Lord Hutton's new public sector schemes could reach 1/80th, with a ‘cost-ceiling' formula across all schemes set to dictate the rate used for specific funds.

The Treasury is currently considering a spectrum of accrual rates for the career average arrangement, ranging from 1/50th to 1/80th to chime with a "reference scheme" officials have put forward as ...

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