Government Pension Proposals Still Not Acceptable
Government Pension Proposals Still Not Acceptable
03/11/2011
NIPSA Northern Irelands largest public sector trade union rejected the latest proposals from government on public sector pension reform.
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GOVERNMENT PENSION PROPOSALS STILL NOT ACCEPTABLE
NIPSA Northern Irelands largest public sector trade union rejected the latest proposals from government on public sector pension reform. NIPSA General Secretary Brian Campfield said:
‘The proposals do not change the fact that most public servants over the next three years will be forced to pay up to 6% more for a pension that for the majority will be paid at a much later date and has already been devalued by 15% with the indexation change from RPI to CPI. The limited improvements announced today by the Government reflect panic in trying to avoid mass industrial action on the 30 November by public sector workers.’
The Government concessions apply to those within 10 years of retirement from
April next and provide for some marginal improvements in the accrual rate for the post 2015 new pension schemes. Mr Campfield said:-
‘The facts are that public service workers will from next April pay more, work longer and lose out on the overall value of their pension for example a civil servant earning £23,760 will pay an extra £760 per year and work seven years longer to get the pension they are currently entitled to and then lose an average of £16,420 on that pension if paid over 20 years due to the switch to CPI.’
NIPSA’s ballot of over 45,000 members is continuing and closes on Monday 7 November.
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