UK Parliament / Open data

Public Service Pensions Bill

Proceeding contribution from Sajid Javid (Conservative) in the House of Commons on Tuesday, 4 December 2012. It occurred during Debate on bills on Public Service Pensions Bill.

We discussed that earlier. Transfers from local government are currently covered by an equivalent policy to fair deal. The Government are considering how most appropriately to apply the principles of the new fair deal policy to the LGPS, but our commitment on fair access to transferred staff stands and applies, including to members of the LGPS.

People are now expected to live significantly longer than the generation that went before them—an average of 10 years more than someone retiring in the 1970s. The increasing numbers of people with public service pensions and improvements in longevity have led to significant increases in the number of pensions that are being paid. Consequently, the cost of paying pensions has increased to £32 billion per year—an increase of a third in the past decade.

Type
Proceeding contribution
Reference
554 c819 
Session
2012-13
Chamber / Committee
House of Commons chamber
Back to top