Press release

Government pension rule changes - Dr Ros Altmann comment

Wednesday 8 December 2010

"It is entirely right that the government has decided not to over ride pension scheme rules which require RPI indexation to pensions,” said Dr Ros Altmann, Director General of Saga.

“This would have been interfering with private arrangements and would be like the government saying to a worker who lent their employer £1,000 that the employer only needs to pay back £900.

“Government must not interfere with private agreements and if employers need to cut pension costs they should negotiate directly with members."

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