tag:blogger.com,1999:blog-30704611.post7368395251778933962..comments2023-05-28T10:59:57.169+01:00Comments on Jon's labour movement blog: The new look LGPS - pay more for less?Jon Rogershttp://www.blogger.com/profile/10779486527359048519noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-30704611.post-85862826260633739672007-01-10T12:02:00.000+00:002007-01-10T12:02:00.000+00:00Hi JonAs I am the poster of the 1/60 rate for all,...Hi Jon<br><br>As I am the poster of the 1/60 rate for all, 2 points why it is a good idea:<br><br>1 most people will take the 25% cash lump sum at the 12:1 exchange rate<br><br>2 we are paying more for the scheme. Frankly the TU side should all offer to pay 7% flat rate to get the 1/60 for all, indeed why not 7.5% flat for all for 1/60 for all membership and full protection for all.<br><br>3 Unison have missed a trick with the proposed new draft Reg 11. thsi proposes the payout on redundancy of benefits on a REDUCED basis - not unreduced as now. This applies to ALL benefits received please confirm).<br><br>Redundant employees well be screwed just when they need aht money, AND it will be an incentive to more redundancies as they will become 'cheaper' to the employer and therefore more attrctive.<br><br>One does feel that the more this goes on, the more members are losing out in the "small print".<br><br>Finally - how about getting rid of (or at least reducing) all the bloody empployer discretions. These are NEVER exercised in favour of the em[ployee. They give the employers/government good headlines, but no real benefits for members.<br><br>GET RID OF ALL DISCRETIONS<br><br>'the other' JonAnonymousnoreply@blogger.com