Superannuation Bill

Memorandum submitted by John Doolan (SU 30)

I wish to register an objection to this bill.

I am a serving civil servant age 55, having joined the service in 1971 in what was the Board of Trade which went onto become the Department of Trade & Industry, during which time I have been on a secondment to the FCO and worked overseas.

If this Bill is passed as I am over 50 the cap will result in a reduction of two thirds of my existing entitlement which would have a major impact on my personal financial situation having been a Civil Servant  all my working life I feel I have show loyalty to each Government I have served and only to find that what I was led to believe was part of my terms & conditions can unlawfully be dismissed. I would draw your attention to  'What happens if I am made redundant' from the 'Pension choices ' Booklet from the 1 October 2002 introduction of the 3 schemes.  You will note the terminology 'You will receive !!!!

As a member of the Government Office Network which is subject to closure, I face the significant risk of compulsory redundancy. Given the current economic and employment position in the regions and the North East’s heavy dependency on the public sector finding alternative employment will be difficult.

Consequently as a result of the Bills removal of what are considered accrued rights I will be facing severe financial hardship through no fault of my own.

September 2010