Financial Times FT.com

NHS to keep pension plans

By Nicholas Timmins, Public Policy Editor

Published: September 22 2007 04:28 | Last updated: September 22 2007 04:28

More than a million National Health Service staff are to keep one of the most generous final salary pension schemes running in return for a small increase in average contributions and an agreement that staff rather than the taxpayer will meet much of any future increases in its cost.

The deal, one of the last of the current round of revamps of big public sector pension schemes, comes as the closure of final salary pensions in the private sector continues, albeit at a slower pace.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this