Commenting on a statement today by Chief Secretary to the Treasury Liz Truss, announcing the pausing of part of the valuations process for public service pensions, TUC Deputy General Secretary Paul Nowak said:
“Public sector workers have had years of real-terms pay cuts and job losses. They now face the danger of the government breaking its promises on pension benefits.
“Public sector pension schemes have been cheaper than expected. Under the agreed rules, which the government committed to for 25 years, this should mean lower contributions or improved pensions for members.
“But halting the valuation process leaves this in jeopardy. The government needs to stick to its own rules and deliver what it pledged.”