Public Service Pensions Debate

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Department: HM Treasury

Public Service Pensions

David Rutley Excerpts
Wednesday 2nd November 2011

(12 years, 6 months ago)

Commons Chamber
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Danny Alexander Portrait Danny Alexander
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No, that is not correct.

David Rutley Portrait David Rutley (Macclesfield) (Con)
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According to reports in today’s press, only 40% of private sector workers receive pension contributions, while 85% of public sector servants receive not only a pension, but a more generous one. Does my right hon. Friend agree that it is time to address these differences, rather than engage in irresponsible strike action?

Danny Alexander Portrait Danny Alexander
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I wholeheartedly agree that it is time to address these differences, but not by trying to get public sector involvement in pensions down to the level in the private sector. What we need to do is what we have done today: set out an offer that combines affordability for the general taxpayer with proper pensions as a reward for a career in the public service, along with steps to encourage more private sector workers to involve themselves in pensions. That is precisely the basis of the new NEST scheme, which the Minister of State, Department for Work and Pensions, my hon. Friend the Member for Thornbury and Yate (Steve Webb), is taking forward.