Retirement Pots: Court and Coalition Government

retirement pots: That might need to be financed through cuts in spending or increases in taxes, according to The Independent. The coalition government pushed through a series ofchanges that meant most public sector workers were moved to new pension schemes in 2015. One investment firm said members of public sector pension schemes could receive a massive boost to their retirement pots if the government's appeal against the court decision was unsuccessful. However, these new schemes typically offered less generous terms, prompting anger among many workers and unions. A group of judges and a group of firefighters decided to take the row to court, and on 20 December the court of appeal ruled that the transitional arrangements offered to some members amounted to unlawful discrimination. As part of the changes, the government put in place transitional arrangements which typically meant older workers could stay in the existing, more generous schemes, while younger workers had to transfer to the new schemes. (news.financializer.com). As reported in the news.