Govt reveals details of 'final' offer on public sector pension reform

Last week, union negotiators agreed to take the new details back to their membership for approval, but spokespeople urged their members to reject the deal. The Public and Commercial Services (PCS) union claimed the government will continue to negotiate if unions refuse the latest deal. The details of the latest offer are below. The government has proposed to set up all of the schemes on a career average basis, with a normal retirement age equal to the state pension age, within an employer cost cap.   Principal Civil Service Pension Scheme (PCSPS) In December the government pr...