In early November, the David Cameron administration made two concessions on its draft public pension reform to soften unions: the first increasing the accrual rate – the percentage of salary earned as a pension every year – from one sixty-fifth to one sixtieth. Currently around one eightieth, the government suggested bringing it down to one sixty-fifth, therefore more advantageous, in return for calculating pensions from the average salary, not the last salary perceived. The second concession was delaying the full introduction of the reforms by seven years to 2022. The government also suggested the deal would last at least 25 years.
often unions: the first increasing the accrual rate – the percentage of salary earned as a pension every year – from one sixty-fifth to one sixtieth. Currently around one eightieth, the government suggested bringing it down to one sixty-fifth, therefore more advantageous, in return for calculating pensions from the average salary, not the last salary perceived. The second concession was delaying the full introduction of the reforms by seven years to 2022. The government also suggested the deal
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