Trade unions and the local government association (LGA) have agreed on a proposal for a new local government pension scheme. The new scheme includes a switch from a final salary to a career average revalued earnings scheme, a higher accrual rate, a pension age synchronised with each individual worker’s state pension age and no change in employee contributions. Both unions and the LGA will start consultations among their members and aim to implement the proposals by August. The new scheme will come into force from the 1st of April 2014.
English: http://www.unison.org.uk/asppresspack/pressrelease_view.asp?id=2713
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