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The government announced on 20 December 2011 that it had reached an outline agreement with union officials in relation to changes to public sector pensions schemes. These reduce the pension benefits to public sector workers by matching public sector pension ages to state pension ages and calculating pensions on a career-average basis. As part of this deal, it has been announced that the ‘Fair Deal for Staff Pensions' will stay, as matching pensions will be ‘substantially more affordable'. The unions will take the proposals back to their executives and will consult with the members as appropriate.
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