How Long to Read The Impact of the 2007-08 Changes to Public Service Pensions

How Long Does it Take to Read The Impact of the 2007-08 Changes to Public Service Pensions?

It takes the average reader and 44 minutes to read The Impact of the 2007-08 Changes to Public Service Pensions by Great Britain: Parliament: House of Commons: Committee of Public Accounts

Assuming a reading speed of 250 words per minute. Learn more

Description

In 2007-08, new pension schemes were introduced for civil servants, NHS staff and teachers, designed to make public service pensions affordable. The changes are likely to reduce costs to taxpayers of the pension schemes by £67 billion over 50 years, with costs stabilising at around 1% of Gross Domestic Product (GDP) or 2% of public expenditure. The Committee is concerned that the Treasury did not test the potential impact of changes in some of the key assumptions underpinning the long-term cost projections. In addition, the Treasury has not tested whether reducing the value of pensions would affect the public sector's ability to recruit and retain high quality staff. Three-fifths of the savings to the taxpayer were expected to come from the cost sharing and capping mechanism - a transfer, from employers to employees, of extra costs that arise if pensioners live longer than previously expected. Employees would potentially pay 70% more for their pensions over the next 50 years if life expectancy continues to increase more than expected. Implementation remains on hold while the Government decides how to respond to the Independent Public Service Pensions Commission (the Hutton Commission). Public service employees do not have a clear understanding of the value of their pensions because they are not provided with clear and intelligible information to enable them to make rational decisions. Further changes to public service pensions are expected as Hutton's recommendations are implemented, but this should bring a period of stability and certainty for long-term public service pensions policy.

How long is The Impact of the 2007-08 Changes to Public Service Pensions?

The Impact of the 2007-08 Changes to Public Service Pensions by Great Britain: Parliament: House of Commons: Committee of Public Accounts is 44 pages long, and a total of 11,176 words.

This makes it 15% the length of the average book. It also has 14% more words than the average book.

How Long Does it Take to Read The Impact of the 2007-08 Changes to Public Service Pensions Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 1 minute to read The Impact of the 2007-08 Changes to Public Service Pensions aloud.

What Reading Level is The Impact of the 2007-08 Changes to Public Service Pensions?

The Impact of the 2007-08 Changes to Public Service Pensions is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy The Impact of the 2007-08 Changes to Public Service Pensions?

The Impact of the 2007-08 Changes to Public Service Pensions by Great Britain: Parliament: House of Commons: Committee of Public Accounts is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

To buy The Impact of the 2007-08 Changes to Public Service Pensions by Great Britain: Parliament: House of Commons: Committee of Public Accounts on Amazon click the button below.