PUBLIC SECTOR PENSION CHANGES

That this House notes that public sector pension funds have already been re-negotiated to ensure financial sustainability; further notes that the new changes proposed are primarily to reduce spending from the public purse and will lead to a decrease in pension payments to individuals; further notes that the proposed changes will force many public sector workers out of their pension schemes due to the additional payments making public sector pension funds unsustainable in the medium term; and calls on the Government to reconsider its proposals, agree a pension solution that encourages membership to ensure a sustainable public sector pension system and avoids forcing hard-pressed public sector employees into industrial action.