Does that mean those close to retirement can still go at 55? What do they class as close to retirement? 3 Years? 5 years? When they say we've all got to share in the cost of rising longevity does that mean the MP's as well?
I can't see many front line soldiers wanting to fight at the tender age of 58 or 59. Could imagine it? It would be like a scene from Dads Army. Maybe we should stop giving away 10 Billion pounds a year in overseas aid. How about we look after ourselves for once.
Hutton suggested linking public sector normal retirement age to the state pension age, currently 65 (but due to increase to 66 for both men and women by 2020). Some (including 'us') can currently retire earlier, and Hutton suggests a normal pension age of 60. TBC though.
Hutton suggests leaving a number of other similarly important decisions to g'ment (specific accrual rates for benefits, contribution rates and indexation etc). In particular, Osborne also has to decide whether the accrual rate for who leave a public sector pension scheme before retirement should be linked to prices or earnings (there is a recommendation that benefits being accrued should be uprated in line with average earnings for those who remain contributing members of the schemes).
Whowhenwhy and Random,
Hutton suggests it should be possible to introduce these new schemes before the end of this Parliament, in 2015, while allowing a longer transition, where needed, for groups 'such as the armed forces and police'.