Magazine article Public Finance

Staff and LGA Come Closer on 85-Year Rule

Magazine article Public Finance

Staff and LGA Come Closer on 85-Year Rule

Article excerpt

Unions this week suspended plans for strikes in the lead-up to the local elections, following what they called a Very positive move forward' in the dispute over the local government pension scheme.

The dispute involves the removal of the '85-year rule', which means members whose age plus years in service is 85 may retire at 60 without a reduction in their accrued benefits.

In a joint statement, all ten unions and the Local Government Association said they accepted the removal of the rule. But they agreed that 'urgent negotiations' would now begin in order to ascertain what level of protection - including lifetime protection - could be afforded to existing scheme members.

The LGA has previously argued that lifetime protection was unaffordable.

Heather Wakefield, the head of local government at Unison, told Public Finance the unions had won a 'significant concession' from the LGA. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.