MARIA RESPONDS TO TEACHERS’ CONCERNS ABOUT PENSION CHANGES

 

Maria explained that changes were necessary because longer life expectancy over the last 50 years had increased the cost of public service pensions by around a third.  A review by the former Labour Minister Lord Hutton had made clear that there was a rationale for increasing contributions to ensure a fairer distribution of costs between taxpayers and pension scheme members.

 

Maria said: “Public sector pensions, including teachers’ pensions, will remain among the very best, providing a guaranteed pension level for all employees. Very few private sector employers still offer defined benefit levels.”

 

Maria added: “The consultation on the proposed changes is still ongoing, and I will write to Treasury and Education Ministers to pass on the points made to me by the QMC teachers.”