Commenting on the report commissioned by Lord Hutton from the Independent Public Service Pensions Commission, David Frost, Director General of the British Chambers of Commerce, said:   

“Public sector pensions have long faced problems of affordability, and these reforms designed to bring them into line with those in the private sector are essential. It is unsustainable for taxpayers to pay out billions to cover a spiralling, and unfunded hole in public sector schemes. The private sector has had to adjust to tough new realities on pensions, and the public sector will have to do the same.  

“This is not about penalising frontline or low-paid public sector workers but we have to be realistic about our workforce living longer. Raising the retirement age and a move from final salary to career average schemes means public sector pensions will be more affordable for the taxpayer and sustainable in the long-term.”