Public sector pension scheme contribution rates to rise

By Doug Mullen

The Treasury has announced that valuations by the Government Actuary Department are expected to show that current employer contributions rates do not ensure that the costs of public sector pension schemes will be met in the future.

This means that employer contribution rates for those employers participating in the NHS Pension Scheme, the Teachers’ Pension Scheme and the Civil Service Pension Scheme are likely to rise from 2015…

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