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GMB Newsletter.pdf

GMB-Newsletter-March-2014.pdf
Preview of GMB Newsletter
🔗 Source: durhamgmb.info
📊 Size: 1.17 MB
👤 Author: linda.vouli
⬇️ Downloads: 56

Summary

GMB's March 2014 newsletter covers the Local Government Pension Scheme update, Local Government Pay, and other topics. The new pension scheme starts on April 1, 2014, with changes including career average nature, flexibility around retirement age, and protection of pensions built up prior to April 2014. The definition of pensionable pay will change to include non-contractual overtime and additional hours worked. Contributions will be tiered, with the highest paid paying the highest rates. A 50/50 option is introduced, allowing members to pay half of the normal contribution in exchange for half of the normal benefit entitlement. Local Government Pay is considered insufficient, with councils having £2.6 billion in reserves, and a trade union claim for a £1 an hour increase is being made.

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Description

GMB's March 2014 newsletter covers the Local Government Pension Scheme update, Local Government Pay, and other topics.

Technical Information

  • File Format: PDF
  • File Size: 1.17 MB
  • Pages: 10
  • Language: EN
  • Author: linda.vouli
  • Total Downloads: 56
  • Last Updated: 4 weeks ago

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