Unions to ballot on end to final salary pensions
UNIONS will be balloted on a new pension deal that would see the end of the public sector final salary scheme after a key stage in the protracted negotiations was reached.
A letter has been sent to all public sector workers from the Policy Council which confirmed it had reached an agreement with the body that has been negotiating on behalf of the unions.
In it, Deputy Allister Langlois, pictured, chairman of the States Pensions Consultative Committee, confirmed the main features of the proposals which, if agreed, will see all 4,700 members move to a Career Average Revalued Earnings (Care) Scheme.
The Policy Council appears to have conceded ground on the amount of money that staff will have to pay into their pensions.
When it first announced the planned change it wanted employee contributions set at 8% of their salaries, then when it entered mediation this figure was set to rise from 6.5% to 7.5% over a phased period.
In the letter to staff Deputy Langlois said that the bodies had now agreed on a standard contribution rate of 6%.
