Government pension cut

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The Independent Online
More than 800,000 people will see the government's contribution to their pension slashed because of a decision by the DSS, a survey revealed yesterday.

The annual survey by the National Association of Pension Funds, which covers 611 schemes worth pounds 370bn, revealed 11 per cent of members are in schemes which face a cut in rebates paid to pension schemes by the DSS. The decision, which takes effect in April next year, has the same effect as cutting the pay of those employees by 0.9 per cent.

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