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Prospect hits out at proposed pension plans

Mon, 21 Mar 2016

Prospect Union says it does not support proposed changes to public sector pensions.

It says government hasn't consulted its staff or Island-based unions.

The changes, which are due before Tynwald next month, could see public service employees topping up their pension pot by up to 50 per cent more - paying an additional 2.5 per cent for less benefit.

Chief executive of the Public Sector Pensions Authority Ian Murray says unions in the UK were given the opportunity to provide an input instead:

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• Ian Murray