LATEST PENSION OFFER: PAY MORE AND RETIRE LATER

摘要

The latest offer on public sector pensions was announced in parliament last week by chief secretary to the Treasury Danny Alexander.The deal would mean NHS pensions continue to be "defined benefit" schemes, so a guaranteed amount would be provided in retirement.The accrual rate - part of the formula used to value pensions - will stay at one sixtieth of earnings for each year of service. The government had previously proposed reducing this to one sixty-fifth. It will still be based on the average amount earned throughout a person's career rather than their final salary.