Government pension scheme 'still a good one'

The revised public sector pension scheme is still a good one - that's according to the chief executive of the Public Sector Pensions Authority. 

Next week new proposals - outlining the 'next steps in the reform process' - will be put before Tynwald. 

They include all future service benefits being reduced and new members having to pay a 2.5 per cent increase. 

Ian Murray says despite the changes it will still be a good incentive for new government employees: