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Parliamentary Statement on public sector pensions reform

Tuesday, 19 July 2011 13:36

scottish parliamentIn response to the UK Government's announcements on increasing public service pension contributions and the recent report by Lord Hutton of Furness, The Scottish Government's Finance Secretary, John Swinney, made a Parliamentary Statement on public sector pensions reform on 22nd June 2011.

Read more: Parliamentary Statement on public sector pensions reform

 

Review of Cash Equivalent Transfer Value Calculation

Wednesday, 20 April 2011 13:43

calculationAs  result of the Budget of 23rd March 2011, HM Treasury has confirmed that they are considering a review of the basis for the calculation of Cash Equivalent Transfer Values  (CETV) payable from public service schemes, including the NHS and Teachers schemes.

Read more: Review of Cash Equivalent Transfer Value Calculation

 

Pensioner Newsletter 2011

Wednesday, 30 March 2011 10:26

newsletterOur annual newsletter for NHS and STSS Pensioners has been distributed along with every P60. This year we include important information about the change to Consumer Price Index linking, the pension increase for 2011, and proposed service improvements. There are also some important reminders for those considering going back to work. Newsletter

 

 

Increases in employee contributions to public sector pension schemes in Scotland from April 2012

Lord Hutton of FurnessIn October 2010, Lord Hutton of Furness published the interim report of his independent review of public sector pensions, commissioned by the Chancellor of the Exchequer.  This included a conclusion that, if the UK Government wished to make savings to the costs of public sector pension schemes in the short term, it would be more effective to increase member contributions rather than alter the benefit structure of schemes. 

Read more: Increases in employee contributions to public sector pension schemes in Scotland from April 2012

 

STSS Benefit Statements Explained

Friday, 28 January 2011 09:47

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If you require a more detailed explantation of your benefit statement then please access our guide. Benefit Statement explained.

 

Changes to the 2011 Pension Increase

Wednesday, 15 December 2010 09:49

piggy bank

The UK Government's Budget on 22nd June 2010 announced the intention to switch the basis of uprating public service pensions from the Retail Prices Index (RPI) to the Consumer Prices Index (CPI). The decision on annual uprating is reserved to the UK Government and accordingly applied to the schemes in Scotland.

Read More....

 

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