Analysis: public sector pension reform

PENSIONS

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The wrangling over public sector pension reform is largely over, with the majority of trade unions having signed agreements with the Treasury about the changes.

However, the government only last week published important detail on two potentially volatile areas of reform: the employer cost cap and the Fair Deal policy. Making Fair Deal fairer? Initially, the announcement that the government would reform the Fair Deal policy was greeted with controversy. The policy states private sector employers who have former public sector workers transferred to them must provide a comparable scheme. Last year, the government asserted the policy acts as a barrier to firms tendering for public sector contracts, as only the largest contractors could pay for suc...

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