More than half of Local Government Pension Scheme members, nearly two million people, will opt-out if government increases employee contributions, union research says.
The GMB unions said plans by the Department for Communities and Local Government to raise contributions and change accrual rates - to save £900m by 2015 - will lead 55% of members to opt-out of the...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders