Jul
20
The UK government are discussing changes to the public sector’s pension plans. The main change that has been discussed is whether increased contributions should be enforced or not. It now looks like the pension contributions increase will come into effect in April next year. This will be effecting staff in Civil Services, NHS, Teachers, Firefighters and Police men.
People employed in the public section that earn less than 15 000 GBP per year will however not be effected by the possible increase in contributions.
Employees earning between 15,000 GBP and 21,000 GBP will be paying 0.6% higher contributions from April 2012.
Those that earn more than 21,000 GBP will be noticing the highest increase, with an increase of up to 2.4%.

