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Union lobbies over pension reform

Stakes raised ahead of key vote

An Island trade union representing 2000 public workers is continuing to lobby politicians ahead of a key vote on pension reform next week.

Prospect is calling on Tynwald to reject proposals that would see members of the Government Unified Scheme (GUS) contribute an extra 2.5% of their pay - for a reduced future benefits package.

The Public Sector Pensions Authority (PSPA) says action must be taken to reduce the long-term burden of pensions, and ensure they remain viable long-term.

Its recommendations include cutting retirement benefits by 1.8%. 

Prospect however, is raising concerns over the impact the changes would have on public services, if a significant number of staff choose to leave and draw their pensions before reforms are brought in.

Negotiations Officer Angela Moffatt has organised meetings with Tynwald members and briefings for members.

She says the union is taking a pragmatic and positive approach: 

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