UK Parliament / Open data

Public Service Pensions Bill

Proceeding contribution from Rachel Reeves (Labour) in the House of Commons on Monday, 29 October 2012. It occurred during Debate on bills on Public Service Pensions Bill.

That is simply not true. There are 800,000 part-time public service workers earning less than £15,000 a year, 90% of them women, and their pension contributions will rise by, in some cases, 50% or more because their full-time equivalent salary takes them above the minimum salary threshold.

Instead of building on our reforms, the Government have ripped them up. They have made it much harder to make progress by seeking to impose, prior to any negotiations, a steep 3% rise in contributions and a permanent switch in the indexation of future pension income from RPI to CPI. The “cap and share” arrangements agreed and established by the last Labour Government provided the mechanism for delivering the adjustments as needed, but the current Government chose to undermine that agreement and instead announced a 3% increase in contributions in the October spending review without any discussion or negotiation with employers or employees.

Type
Proceeding contribution
Reference
552 c67 
Session
2012-13
Chamber / Committee
House of Commons chamber
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