Public sector retirement age to be linked to state pension age

In a speech made yesterday Danny Alexander, Chief Secretary to the Treasury, (left) has confirmed  that the retirement age for public sector pensions will in future be linked to the state retirement age. In addition Mr Alexander also confirmed that member contributions will have to rise, although he went on to say that these rises would be capped for the low paid. He also confirmed that existing benefits, already accrued by members, will be protected. Mr Alexander said that public sector pensions should be "affordable and sustainable but still amongst the very best available". He went on to say that "It is ...