PCS is encouraging members and branches to submit comments about the government’s public consultation on changes to public sector pension schemes.
The government has accepted that it needs to put right the unlawful changes to pensions in 2015. PCS supported the action taken by the FBU to show that the changes to pensions made in 2015 were illegal. The FBU won the court case and the government has now accepted that it needs to put right what it did unlawfully in 2015.
The schemes that people were forced to go into in 2015 have been found to be unlawful and effectively the government must now put people back to the position they were in before that date.
For people who had a retirement age of 60 and a final salary pension option, that option will now be given back to them.
But for those who actually benefited from the changes to the scheme in 2015, you will have the option to stay in your current scheme.
This means that our members will get the best option, whichever position they are in.
This is a fantastic victory for trade unions and proves the importance and value of being a union member.
The consultation, which runs until 11 October, is in advance of new legislation to amend the rules of pension schemes in the public services and published the consultation document public service pension schemes: changes to the transitional arrangements to the 2015 schemes.
Many thousands of PCS members are potentially affected by this change so it is important to read the Q&A on the PCS website which is being regularly updated.
We can only answer questions about the proposals as published and these are at the formal consultation stage so it is important to remember that the final position will depend on the legislative process, and while our answers may clarify what is being proposed it is not at this stage likely to inform the personal decisions of members.
It is important to stress that PCS is not able to offer personal financial advice but we will seek to ensure that members have the fullest possible information about their options in advance of any decision points and know how to obtain the advice they may require in the future.
We will continue to engage with Civil Service Pensions via the scheme advisory board to influence preparations and processes for the application of the remedy and will make a formal response to the consultation. The consultation documents are available to read via gov.uk.
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