Public sector workers still set for ‘best pensions available’

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pensionFamilies across the country are understandably worried about the future of their pensions, and many fear they will struggle in retirement.

But subdued public sector workers have been assured that theirs "will remain among the very best available".

After discussions between unions and the government on planned health, education and civil service reforms, Chief Secretary to the Treasury Danny Alexander has said the outlook for pensions is positive.

He said the two sides have engaged in "constructive discussion" on the final details of the plans, which were announced at the end of 2011.

"These agreements mean that public servants who have dedicated their lives to serving the public will rightly continue to receive pensions that are among the very best available, while delivering the Government's key objectives in full," he said.

"This is a fair deal for public service workers and an affordable deal for the taxpayer."

The government's reforms sparked a strike by more than one and a half million public sector workers late last year. Some union leaders are threatening another round of industrial action, possibly for later this month.

Talks have been ongoing since the beginning of the year in an attempt to resolve the row.

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