Commons Sense

House of Commons · Written Ministerial Statement

Public Service Pensions, Guaranteed Minimum Pension indexation consultation

07 October 2020 · Treasury

Proposed by Steve Barclay Con North East Cambridgeshire

Benefits & Welfare

Summarised by AI from the official record, so it can contain mistakes.

View on Parliament.uk

At a glance

Key points

  • Government is publishing a consultation on the indexation of Guaranteed Minimum Pensions (GMP) for public service employees.
  • The consultation seeks feedback on ensuring full GMP indexation continues, with responses due by 30 December 2020.
  • The current interim solution introduced in 2016 will end unless a permanent fix is agreed upon.

Issue summary

The government is publishing a consultation on the indexation of Guaranteed Minimum Pensions (GMP) for public service employees.

Action requested

The consultation seeks feedback on how to ensure full GMP indexation continues, with responses due by 30 December 2020. The current interim solution was introduced in 2016 and will end unless a permanent fix is agreed upon.

Key facts

  • The government published a consultation document about Public Service Pensions, Guaranteed Minimum Pension (GMP) indexation.
  • The consultation runs for 12 weeks until 30 December 2020.
  • The interim solution introduced in 2016 will end unless a permanent fix is agreed upon.
▸ Assessment & feedback
Summary accuracy