Wednesday, December 14, 2011

Public sector pensions: facing some of the future | Editorial

12:06 PM | Posted by Free Game Zone | Edit Post

Ministers

say they can not go further in the negotiations on pensions, but the reality is that they

is clearly in the public interest for ministers and unions to reach agreement on the amendments proposed by the government for public sector pensions before the strike planned for later this month . The underlying reason is always the same as it always has been, as people live longer, the cost sharing agreements public is increasingly levels of increasingly expensive, which can not be ignored indefinitely. It is not directly concerned with reducing the deficit. The problem of growth before the financial crisis and before the economic downturn - and some reforms were made at that time - but would still be a problem, even if the economy picks up again. However, these are dark economic times, with serious differences over economic strategy and a certain desire on both sides for a confrontation, but most are still anxious to avoid. The question is whether both parties can now close the gap that exists between them and arrive at a just and lasting solution to the issue.

were signs last week that the agreement could be taking shape. While the government has moved from its position in the right direction by announcing that those in the 10 years of retirement will be protected from change and significant improvement of 8%, the rate of accumulation of new provisions. In addition, the full implementation of the new changes would be delayed for seven years and the ministers said they expect that any agreement will last 25 years or more, the assurance that there is no for the fragmentation of the system every two years. These offers were too far for some - the Institute of Directors, said that ministers have conceded too much - not enough for others: some unions still the subject of its members, whose pensions are less generous than some of the Propaganda can involve simply should not have to pay more for less. The TUC, however, was more cautious. Some positive movement, but there is still much to discuss, was his message.
  • is a reasonable position, and the government does not have to dig a ditch for future negotiations or concessions. Ministers say they can not now go further. But the reality is yes. Statement yesterday by Treasury Secretary Alexander Danny that some unions seem to be engaged in a strike on November 30 will not make it easier to fill the gap. But sometimes in the next couple of weeks, both parties to see if they can do, though. It will be ready for ministers seem reasonable concessions. Which will also include trade unions to make a serious case of how far they can go without losing the support and harm the public.
The final offer must be analyzed in detail in each part of the public sector, where each of the various sectoral agreements. The most important of all, ministers should reconsider the plan to impose a uniform increase in premium rates in the public sector. The injustice of this proposal can be seen in several ways, including the phases. The world is what it is, the Ministers must also weigh the political effects from falling resiling in increasing capacity of the state annual benefit in line with inflation, while discussions continue.

short and medium term the importance of a fair agreement is clear. However, anyone who cares about the long term could give more joy out as it is. Most now offer concessions disproportionately on older workers in the period prior to retirement. There is no doubt that their interests are also closer to the heart of union negotiators, and reasonable in many ways. However, with fewer people who have never paid pension, any solution would do little to young workers who have not yet started thinking about retirement. What was the approach ultimately unsustainable?


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