To be shocked by this proposed change to public sector pensions?

[lesley33]

I don't know how this passed me by, but I have just been reading my annual report on my Local Government Pension Scheme Fund i.e. how much money it has made, investments, etc. It has a big bit about the proposed chnages which I thought I had understood.

But one of the changes is to link public sector pensions with state pension age. So basically you won't get your public sector pension unti, you get your state pension! That is already 67 for me and I am sure will rise significantly! So basically it means I will probably be in my 70's before I get any pension.

tbh I'm not sure I would have joined the pension scheme if I had known this 20 years ago.

Lump sum part of local government scheme was axed in 2008.

And surely when growth was good, local authorities should have continued paying some employer contributions - it would have meant they could make lower payments now. But no local government always looks at the short term benefits, and to hell with the long term.

Saw this today which some of you may be interested in:
www.crowdjustice.co.uk/case/women-seeking-pension-justice/