final salary

As public sector workers go on strike today, Mark Poulson, director of the Lang Cat, cuts out the political rhetoric and strips down the public sector pensions issue to cold hard numbers.

Workers at Unilever, which manufactures products such as Marmite and Persil, have voted in favour of strike action over changes to their pensions.

Trade unionists have released a cover of the Bryan Ferry classic "Let's Stick Together" in a bid to gather support for strikes against public sector pension cuts.

Local government secretary Eric Pickles has vowed to ban the practice of public sector staff retiring with large pension pots then returning to work on new deals.

Around half of members of the local government pension scheme (LGPS) will opt out if the government pushes through pension reform, according to the GMB union.

A clause introduced in the late stages of the Pensions Bill could force scheme pensions to adhere to higher payout indexation, an expert has warned.

Aegon has announced it will close its defined benefit (DB) pension scheme to future accrual for its employees from April 2013.

The government will allow the Local Government Pension Scheme (LGPS) to ditch Lord Hutton's proposals for a career average scheme and keep the final salary arrangements, a source close to government said.

Members of the Unison trade union have voted in favour of strike action on 30 November in response to public sector pension reforms.

The Treasury's "reference scheme" is being used as the basis on which a new public sector pension scheme will be designed. We look at what has changed.