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Centre for Policy on Ageing | |
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Independent Public Service Pensions Commission
— Interim Report | | Author(s) | John Hutton |
| Corporate Author | Independent Public Service Pensions Commission |
| Publisher | Electronic format, London, 7 October 2010 |
| Pages | 176 pp (ref PU1011) |
| Source | 1 Horse Guards Road, London SW1A 2HQ. Pensions.Commission@hmtreasury.gsi.gov.uk http://www.hm-treasury.gov.uk/indreview_johnhutton... |
| Keywords | Private pensions ; Central government departments and agencies ; Local Authority ; Social policy ; Government publications. |
| Annotation | The Chancellor of the Exchequer invited Lord Hutton of Furness to chair the Independent Public Service Pensions Commission. The Commission will make recommendations on how public service pensions can be made sustainable and affordable in the long-term, fair to both the public service workforce and the taxpayer, and ensure that they are consistent with the fiscal challenges ahead, whilst protecting existing accrued pension rights. This interim report sets out the case for change and defines the exact nature of the problem and the issues that need to be addressed. Longer lives, the unfairness of a system that rewards high-flyers disproportionately, the imbalance of risk between taxpayers and employees, and contribution rates that do not reflect the value of benefits received all demonstrate the need for reform. Yet this reform needs to be guided by a common set of principles against which long-term options for change should be judged. The Commission is interested in gathering further views on public service pensions to inform the final report, and will therefore be issuing a second call for evidence later in October 2010, asking for contributions by early December 2010. Final recommendations will be set out at the Budget 2011. (KJ/RH). |
| Accession Number | CPA-101014201 E |
| Classmark | JK: PC: PE: TM2: 6OA |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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