Wednesday, February 6, 2013

Public sector cuts hit judges' pensions

8:31 AM | Posted by Free Game Zone | | Edit Post

Judges

shows impact of cuts to pension funds tax free as advice dissatisfaction Lord Chief Justice on the perspective

The judges gave figures to show how much is lost when their pension tax relief is reduced in line with the government's reform of public sector wages.

It has been speculated that the severity of the cuts could lead to members of the judiciary to launch a legal action before the courts. Before April 2012, the judges did not make contributions to your pension.

announce further reductions in the value of the product of retired judges, Justice Secretary, Chris Grayling, said: "Our judges are rightly held in high esteem, but a moment ago pension reform is widespread in the public sector, the judiciary can not be immune, especially taking into account the exceptional economic circumstances.

"The new system still offers a good way to save for retirement and will remain one of the most generous in the public sector."

The latest cuts will be included as an amendment to the law on pensions for public services which is currently before Parliament.

  • Responding to the figures, a spokesman for the judiciary said: ".. We sent the details of the final offer retirement plan carefully and it would be premature to comment further at this time"
  • appearing before a committee of the Lords last week, the Chief Justice, Lord Judge, has suggested dissatisfaction among colleagues about the possibility of a reduced pension.
"We are all aware that the country is bankrupt," he said, "[but] it will be welcome. 'S A very serious and delicate. "

pension cuts could hinder the process of increasing diversity in the bank, he added. "The biggest impact will be one of [the judges] aged between 42 and 55 years and is the area where there is a higher proportion of women."

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