Commenting on Treasury plans to consult on the discount rate used in public
sector pension schemes, Dave Prentis, General Secretary of UNISON, said:
“Changing the discount rate would cause more problems than it would solve.
On average, public sector workers pay 6% of their salary into their pension
schemes. The Government is now talking about adding an extra 3% on top. This
could price many low paid workers out of saving towards their retirement.