Conservative Party plans to abolish public sector final salary pensions would destroy "the best pension schemes in Britain", argues Pensions Minister Mike O'Brien.
His comments were made in response to a speech yesterday by Tory leader David Cameron in which he described the “very generous” final salary schemes as “not appropriate”. Cameron said in The Daily Telegraph he was concerned "there is going to be a very big divide between public sector pensions on the one hand and private sector pensions on the other”. However, O’Brien says scrapping the schemes would send the wrong signal to the employers of hundreds of thousands of workers who remain in final salary pension schemes that the Conservatives don’t care about them and are prepared to reduce t...
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