GMB Scotland To Consult Members On New Scottish Local Government Pension Scheme
Members should accept the proposals as they still provide a defined benefit scheme that ties pensions to pay earned during a person’s working life says GMB
GMB Scotland has begun consulting 25,000 members employed by Scotland’s 32 Councils on proposals to introduce a new Local Government Pension Scheme in Scotland.
The new look Scottish Local Government Scheme will see the end of final salary schemes for local government workers from April 2015. The final salary schemes will be replaced by a career average re-evaluated earnings (CARE) scheme.
The new scheme will also mean that the normal retirement age will mirror the state retirement age which will mean workers in the future having to work longer before they have access to their full pension.
These proposals were negotiated by representatives of COSLA, local government trade unions, and the Scottish Government following the review of public sector provisions.
The proposals also meet the requirements of the Public Sector Pension Act 2013.
Alex McLuckie, GMB Scotland Senior Organiser for Local Government, said “GMB Scotland is recommending members accept the proposals as they still provide a defined benefit scheme that ties pensions to pay earned during a person’s working life.
This, along with other benefit changes GMB Scotland believes gives many of our members broadly the same level of pensions they would currently receive and meets the criteria of being fair and affordable to the employee, employer and the taxpayer.”
Contact Alex McLuckie Tel: 0141 352 8141 Mobile: 07885 348269
E-mail: Alex.email@example.com or GMB press office 07921 289880