PSPA 'pleased' with union support for pension changes

Friday, 17 February 2017 00:00

Government says it's happy the unions have got behind proposed changes to the public sector pension scheme.

Changes to the Unified Scheme will go before Tynwald next week - they include a six per cent reduction in benefits and a 2.5 per cent increase in contributions.

Unions, including Unite and Prospect, balloted their members on the changes - if they disagreed industrial action would have been taken.

Both announced this week their members would support the new plans - chief executive of the Public Sector Pensions Authority Ian Murray says that's good news:

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