Replace Public Sector Pension schemes with a defined contribution scheme 4%/6%

Replace Public Sector Pension schemes with a defined contribution scheme 4%/6% — 123 signatures. Status: closed.

Petition background

Set up a defined contribution (DC) scheme for all public sector staff along the same lines as most private sector schemes (usually 4% staff & 6% employer contributions - staff can contribute more).

Additional details

All new staff to join the scheme. Current staff transferred with enhanced terms (ie higher employer contributions) to compensate. Public sector (PuS) pension costs are huge. The private sector (PrS) dealt with this a long time ago, which is why the vast majority of PrS schemes are now DC, not defined benefit (DB). The Government recently attacked the PrS pension savers by pulling their pension pots into their estates. We think this is unfair when the PuS arrangements, which are vastly more beneficial to the Eee, remain untouched. This strategy COULD help fill the "black hole" that has been talked about.

View this petition on the official UK Parliament website

Other UK Parliament petitions

Hold a referendum to bring the water industry into public ownership — 208,791 signatures
Legislate to ban FPNs and prosecutions related to school attendance — 133,399 signatures
Hold a UK-wide briefing on climate and nature risks — 122,492 signatures
Change surrogacy law to recognise intended parents from birth — 113,153 signatures
Support the Ceramics Industry and protect British manufacturing jobs and skills — 110,984 signatures
Remove sentence reductions for guilty pleas in controlling and coercive cases — 105,498 signatures
Fund NHS access to Omaveloxolone for patients with Friedreich's Ataxia — 92,048 signatures
Raise the personal tax allowance to £18,000 — 71,262 signatures

Browse UK petitions

UK Petition Tracker home