Treasury on public sector pensions: the key points

The key points are: - The government has decided to slow the pace of the 3.2 percentage point increase in employer contribution by phasing it in gradually over three years. - Separate scheme specific discussions will make proposals by the end of October on how these savings are achieved. - The government has made clear that lower earners should be protected from the impact of any contribution increases. - No increase in employee contributions for those earning less that £15,000. - No more than a 1.5 percentage point increase in total by 2014/15 for those earning up to £21,000....