U.K.
Key elements to the revised local government pension scheme have been laid before parliament although they won't come into effect until next year. The trade unions in the sector are pleased that the final salary pension arrangements are retained and that there will be an improved accrual rate of 1/60 per year of service compared to the current 1/80. Unmarried partners will also be entitled to benefits from the scheme. However, some matters still need to be resolved including the special provisions that allowed some workers to retire at 60 on an unreduced pension.
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