The Queen has confirmed the government will introduce legislation to reform public sector pensions, changing the schemes from final salary set ups to career average arrangements.
Marking the state opening of Parliament this morning, the Queen's Speech set out the government's agenda for the new parliamentary session, focusing on "economic growth, justice, and constitutional reform". She said: "Legislation will be introduced to reform public service pensions in line with the recommendations of the independent commission on public service pensions." Other provisions of the Public Service Pensions Bill will include asking people to retire later, with pension benefits normally paid at state pension age, with the exception of members of the police, armed forces and...
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