This update sets out pensions news on a variety of issues, including the cash cost of Teachers’ Pension Scheme employee contribution rate rises in April 2013, the revised Local Government Pension Scheme contribution bands from April 2013 and the danger of Pension Liberation fraud.
The NUT, as an affiliated organisation of the Public Service Pensioners’ Council (PSPC), is asking retired NUT members to send their MP a letter, using the attached template, telling them how the switch to CPI indexation is affecting them.
There will be a 2.2 per cent increase in teachers’ pensions from 8 April 2013 with a proportionate increase for teachers who retired part-way through the year.
This 2.2 per cent increase is linked to CPI inflation rather than the 2.6 per cent had the RPI link been maintained.
This is a summary of the White Paper ‘The single-tier pension: a simple foundation for saving’ covering the Government’s planned switch to a single-tier pension from April 2017, the abolition of contracting-out and the planned mechanism to increase the state pension age.
This update sets out pensions news on a variety of issues, including planned employee contribution rate rises in April 2013, the Government’s Public Service Pensions Bill and the proposed cut in the Annual Allowance from April 2014.
The Department for Education has issued its planned Teachers’ Pension Scheme contribution increase for 2013-14. This document describes the Government’s plans and shows the impact for teachers on the classroom scales.
This commentary summarises the main provisions of the Government’s Public Service Pensions Bill. It sets a common legal framework and allows the Government to bring in its public service pension reforms, which will mean teachers paying more, working longer and getting less. The NUT continues to oppose these changes.
ONS consultation on inclusion of owner-occupier housing costs in Consumer Prices Index (CPI) – NUT response
These are the NUT and Public Service Pensioners’ Council responses to the recent Office for National Statistics (ONS) consultation on the inclusion of owner-occupier housing costs in the Consumer Prices Index (CPI). The original ONS consultation document is also included.
This is an NUT briefing on the proposals for the future of the LGPS from 1st April 2014 and briefing materials from the Local Government Association, Unison, Unite and the GMB.
The NUT Executive has decided not to endorse the proposed LGPS agreement, because it would mean an increase in contribution rates for NUT members and an increase in the age at which members can take their pensions in full. The agreement is likely to be put into practice because it has been endorsed by GMB, Unison and Unite, the three unions that negotiated the revised scheme.
This update sets out pensions news on a variety of issues, including employee contribution rate rises, Local Government Pension Scheme (LGPS) negotiations and contribution bands in 2012-13.
This document gives an overview of the decisions affecting pensions in the 2012 Budget.
There will be a 5.2 per cent increase in teachers’ pensions from 9 April 2012 with a proportionate increase for teachers who retired part-way through the year.
This 5.2 increase is linked to CPI inflation rather than the 5.6 per cent had the RPI link been maintained.
This update sets out pensions news on a variety of issues, including employee contribution rate rises, Local Government Pension Scheme (LGPS) negotiations, and the pension increase for 2012-13.