Stick to your guns on pensions say CBI
- Published on Wednesday, 14 September 2011 15:17
- Posted by Scott Buckler
The CBI has urged the Government to stick to its guns on reforming public sector pensions despite the announcements of strike ballots at the TUC’s annual congress today (Wednesday)
Dr Neil Bentley, CBI Deputy Director-General, said:
“Reforming pensions is never easy. But the Government has already said it will protect lower earners from the full increase in contributions, and public sector workers will still have among the best pensions in the UK.
“What’s clear is that public sector pensions must be fair for employees and for the taxpayer. The gap between contributions and the value of benefits being promised is £10 billion a year and growing.
“Strikes cause major disruption for families and businesses, and mass strike action would mean thousands of parents forced to take a day off work to look after their children. We urge union leaders to get round the table with the Government and negotiate on the details.”