Government planning £7bn assault on ‘gold plated’ final salary pension schemes – Telegraph

According to the UK’s Telegraph, middle class, white collar workers will lose thousands of pounds in what could be the biggest attack on public sector pensions to date.

Source: Government planning £7bn assault on ‘gold plated’ final salary pension schemes – Telegraph

For me public sectors pensions in the UK are way out of line with the private sector, so there’s a need to level the playing fields.

I believe in small government and would like to see the majority of the public sector outsourced – everything should be included with the exception of policy and national security.

From my vantage, I would welcome proposals to introduce a separate tax regime on final salary pensions, like those in the public sector. These days few private sector workers are given the luxury of final salary pensions.

I remember well when George Brown, as Chancellor, raided private sector pensions, by introducing tax hikes. Surely, it is fair and just that final sector pensions are brought into line with the proposed tax changes?

Thoughts?

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