Public Service Pension Commission

The government has offered unions an improved accrual rate of 1/60th and more protection for workers approaching retirement in a concession on public sector pension changes.

MPs have passed a motion transferring the responsibility for setting their pension payments to the Independent Parliamentary Standards Authority (IPSA).

Lord Hutton has warned the momentum of public sector pension reform could suffer because his commission was disbanded immediately after delivering its report.

Mike Woodall examines the Public Service Pensions report

Hutton recommendations will not necessarily reduce the level of income in retirement for the majority of members, actuaries say.

Hutton reforms will have both benefits and drawbacks for outsourcing contractors, LCP says.

Jonathan Stapleton explains why both the government and unions will have to give ground on Hutton

The Independent Public Service Pensions Commission's 27 recommendations are as follows.

Final salary public sector pensions should be phased out in favour of cheaper career average schemes by 2015, Lord Hutton says.

Lord Hutton could slash the cost of pensions already owed to public sector workers by breaking the link with future pay growth, Towers Watson says.