The Local Government Pension Scheme will become "unsustainable" following cuts outlined in last month's Comprehensive Spending Review, the GMB warns.
The trade body said under measures laid out in government's CSR to save an additional £1.8bn a year by 2014-15, 1.7 million council workers will be obliged to pay three percentage points extra into...
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