Downing Street Says » Public sector pensions

» Wednesday, November 2, 2011

Public sector pensions

Asked if the improved offer on public sector pensions was a capitulation, and if this was the Government’s final offer, the PMS said the Chief Secretary to the Treasury and the Minister for the Cabinet Office had set out the position. The PMS said the next step was to continue negotiations on the individual schemes. The PMS said the Chief Secretary to the Treasury had said the offer was as good as it gets.

Asked why the Government had made an improved offer, the PMS said the Government had always been clear about the principles behind public sector pension reforms. He said the reforms need to address rising costs, but that the Government also wants to make sure the offer is fair to public sector workers, and fair to the taxpayer. He said the Government believes these proposals strike the right balance.

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