Responding to Lord Hutton’s interim report on public sector pension reform, Joanne Segars, Chief Executive of the National Association of Pension Funds (NAPF) said:
“Lord Hutton has heeded our warnings about not placing too much of the burden on the low paid, recognising the risk that many may o pt out of pensions altogether. Reforms should be focused on those who are set to gain the most out of the current system.
“The report dispels some of the myths about these pensions but is realistic about the need to reshape them. The long-term solution to public sector pensions mustn't become a race to the bottom. All workers deserve a good workplace pension, whether private or public sector.
“We look forward to Lord Hutton's final report. We expect Lord Hutton to recommend that retirement ages for public sector workers will head upwards.”
Lord Hutton will present his interim report at the NAPF’s Annual Conference and Exhibition in Liverpool at 16.55 today.
Download printable version