Public Sector Pensions Reform

Public sector pensions will cost taxpayers an additional £9bn a year due to a ‘toxic' combination of the Public Service Pensions Bill and state pension reform, a Centre for Policy Studies paper shows.

The National Audit Office has refused to sign off fully the 2011-12 Civil Superannuation accounts, which report the results of the Principal Civil Service Pension Scheme.

Actuaries claim public sector workers will gain from the abolition of contracting out but unions contend it could derail public sector scheme reform.

Ministry of Defence firefighters are seeking an amendment in the Public Service Pensions Bill, potentially delaying the legislation.

Several figures within the pensions industry have been rewarded in the Queen's New Year's Honours list.

The government will consult on excluding local councillors from the local government pension scheme in a bid to save £7m per year.

Risk-sharing schemes are more suitable for MPs than for other public sector employees, says the Association of Consulting Actuaries.

The exclusion of the new Fair Deal policy from the Public Sector Pensions Bill risks reopening pension disputes with public sector workers, Labour MPs warn.

The Pensions Policy Institute has rejected criticism of its methods used for calculating the effect of planned changes to public sector pensions.

A group of thirty international pension experts has challenged the Pensions Policy Institute's claim that planned reforms will significantly reduce the gap between public and private sector pensions.