The commission will undertake a fundamental structural review of public service pension provision by Budget 2011. It will produce an interim report in September 2010 ahead of the Spending Review.
Scope of the Commission’s work
The commission will make recommendations on how public service pensions can be made sustainable and affordable in the long-term, fair to both the public service workforce and the taxpayer, and ensure that they are consistent with the fiscal challenges ahead.
The Commission will consider issues including:
* the growing disparity between public service and private sector pension provision;
* the need to ensure that future pension provision is fair across the workforce;
* how risk should be shared between the taxpayer and employee; and
* wider Government policy intended to encourage adequate saving for retirement and longer working lives.
The Teachers’ Side submission to the Hutton Commission can be downloaded here.