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PCS position on career average pensions

This article is over 15 years, 10 months old
Socialist Worker last week reported that newspapers were carrying a quote from "a PCS spokesperson" on the current pensions negotiations for the civil service. The PCS says the comments made by the spokesperson were badly misrepresented by the newspapers.
Issue 1991

Socialist Worker last week reported that newspapers were carrying a quote from “a PCS spokesperson” on the current pensions negotiations for the civil service. The PCS says the comments made by the spokesperson were badly misrepresented by the newspapers.

Mark Serwotka, the PCS general secretary, says, “PCS does not have a policy of support for career average pension schemes. The jury is still out on the benefits of such schemes and the union is yet to be convinced about the need to move to a career averaging scheme. Neither do we believe that the current pension provision is unsustainable.

“Talks are continuing between civil service trade unions and the government with a deal of the detail yet to be worked through. Only then can a view be taken on the merits of career averaging over a final salary pension scheme. Agreement on the introduction of a new scheme for the civil service is far from close.”

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