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Quote fo8412lx Replybullet Topic: which included ending final salary schemes in favo
    Posted: Mar 26 2013 at 1:59am
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This shop rocks. They have a great selection and the sales girls have changed so the service is much more friendly than it used to be. You can find some great pieces whether it is a new pair of jeans or a great designer dress. The issue kicked off way back in March this year when Lord Hutton set out a raft of changes to public sector pensions, which included ending final salary schemes in favour of career average schemes, increasing the normal retirement age in line with stage pension age (due to creep up to 68 in the next 35 years), and increasing the amount employees pay into their pensions. Come summer the government gave the green light to Lord Hutton's proposals and set out the details of the contribution increases for 2012-13. It has however remained tight lipped on increases planned for 2013-14 and 2014-15, which could bring the total increase in contributions up to 3.2 percentage points for high earners such as doctors.

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