10 September 2009
Public sector union Unison has begun outlining plans to close
its final salary pension scheme and replace it with a
career-average plan despite campaigning against such moves on
behalf of its members.
A leaked confidential document also suggests that raising the
retirement age from 60 to 65 will reduce the scheme's cost by 3.6%
of salaries each year. The move comes after Unison's General
Secretary Dave Prentis said the pension scheme deficit is now at
least £120m.
