Earlier in the month, a meeting of public service unions agreed to extend the TUC negotiations with the Government on pensions.
Further talks will take place centrally, while individual unions were actively considering also participating in scheme-level talks. The TUC made it clear to government that agreement to continue negotiations did not mean that unions had accepted or agreed any of the Government's objectives or the change in indexation from RPI to CPI.
Meanwhile, the TUC said that new Treasury estimates for the cost of future public sector pensions liabilities were 'scary, meaningless' numbers. The figures were a 'nakedly political' attempt by government to strengthen its hand in the negotiations on public sector pensions, after its continued failure to sustain the argument that schemes were unaffordable.
TUC on negotiations @
http://www.tuc.org.uk/industrial/tuc-19803-f0.cfm
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