This is David Rowley's Typepad Profile.
Join Typepad and start following David Rowley's activity
Already a member?
Update has been hidden from all public facing feeds in Typepad
The pensions timebomb
UK universities started nationwide strike action last week. Why? David Rowley explains why the dispute is far from a typical disagreement about public-sector pensions. The University Superannuation Scheme (USS) is at the heart of the first in a series of battles between unions and government over proposed cuts to public-sector final-salary pension schemes. Ten years ago an employer closing their final salary scheme to new entrants could expect a muted response from employees. Since then a steady drip of closures has made those still lucky enough to have a final-salary pension aware of what is at stake. For employers the dawning realisation has been of the open-ended costs they are liable for. The biggest of these is longevity. World Bank figures show that a child born in 1974, when the USS opened, usually lived until 72.5 years old, while a...
Posted Mar 30, 2011 at
David Rowley is now following
The Typepad Team
Mar 30, 2011
Subscribe to David Rowley’s Recent Activity
View all »
Around The Web
All Rights Reserved.
Terms of Service