|
26-Aug-08 11:15 [Pensions]
SNP rejects police pension proposals by Labour SNP rejects police pension proposals by Labour
The Scottish National Party (SNP) has rejected an offer by the government after Westminster proposed a reform of the police pension system in Scotland in return for extra funding.
A report by the Scotsman revealed that SNP justice secretary Kenny MacAskill was discussing the offer with colleagues but that the proposal did not "address the extra cost of pension commutation" as well as equal treatment of both police and firefighters by the Treasury.
The disagreement has risen from a difference in opinion over the proposed changes to pensions for emergency services which will allow retiring officers to convert much of their pension into a lump-sum payment.
SNP officials have questioned the Treasury's refusal to provide extra funds to cover the changes, with the Labour government responding by accusing the SNP of "shirking its responsibilities as a government", according to the Press and Journal.
Last week, the SNP said that the UK government was "giving with one hand and taking with the other" after it announced a shake-up of the benefits system.
Please click here for more UK employee pension news
Although it is considered a project worth adopting by many countries, Australia's compulsory superannuation scheme is suffering in the face of the credit crunch, it has been stated.
Find out more>
Over a third of Britons believe they will be working during retirement in order to maintain the lifestyle they desire, according to recent research.
Find out more>
Conversion courses are currently attracting a host of new teaching candidates across the country as teachers seek a career change, it has been stated.
Find out more>
|
