Proposed employer cost cap
On the face of it, the cost of providing public sector pensions seems to never stop increasing, with arguably the majority of the risk of any additional cost falling on the taxpayer rather than the Scheme member.
With Lord Hutton’s help, the Government have tried to come up with a way of fairly sharing these risks between public service workers and the taxpayer to ensure public sector pensions remain sustainable and affordable.
Their proposal is an employer cost cap.
Read more in our latest briefing note.