ILC-UK has today responded to the interim report of the Independent Public Sector Pensions Commission. Chief-Executive Baroness Sally Greengross said:
"ILC-UK welcomes the publication of the interim report. Public sector pensions are a huge challenge within an ageing society. It is right that the coalition government addresses this challenge urgently, in an objective manner and based on evidence. In particular, we welcome the commitment to protect pensioners' accrued rights. However, using higher contributions from today's public sector workforce to fund exisiting entitlements risks undermining intergenerational fairness."
Our response is published in full in an article by Dr Craig Berry, Senior Researcher at ILC-UK and former Policy Advisor on pensions at HM Treasury (see below). In his article, Dr Berry argues in addition that moves towards raising the normal retirement age for public sector schemes, and away from 'final salary' entitlements, should be cautiously applauded. As long as such measures do not allow the government to scale back public sector pensions provision through the back door, they could allow the public sector to pioneer a more flexible approach to work and retirement, and set realistic benchmarks for the private sector to compete with.
For any enquiries, contact ILC-UK: email@example.com or 0207 340 0440.
Date :07 October 2010
We are recruiting for a temporary Events Coordinator to coordinate and support our busy events calendar for the remainder of 2018, build on our external communications and assist the Head of External Affairs on communications around our Future of Ageing conference.
Date :30 August 2018
New international report explores the relationship between life expectancy and productivity in developed countries.
Date :20 August 2018
ILC-UK are once again looking for someone to speak for 10 minutes on the plenary platform in front of 250 people at our annual Future of Ageing Conference (29th November, London).
Date :03 August 2018
“Auto-enrolment has successfully led to millions more saving each month towards a pension, but the Committee is right to call for action to get people saving more. We are pleased they support our recommendations to consider automatic escalation of pension contributions for some individuals, and we agree that a strategy is needed to automatically-enrol the self-employed."
Date :27 July 2018
Dr Brian Beach, Senior Research Fellow at ILC-UK and who gave oral evidence to the Committee, welcomes the Committee’s call for stronger action by Government and EHRC and says it’s crucial that employers understand what ageism really is.
Date :17 July 2018
“The latest Fiscal Sustainability Report makes it very clear that we are facing an uncertain future. Demographic pressures are set to continue to dominate the agenda, with health, pension and adult social care spending all set to rise as a proportion of total GDP."
Date :17 July 2018