Superannuation Bill

Memorandum submitted by Andrea Dunn (SU 65)

I am a 48 year old PCSPS Scheme Member and have been a member for 7 years, since being employed by One North East in 2003.

As an employee, who is over 35 with 7 years of service, I would be entitled to 16 months redundancy under the current scheme. However, after the proposed legislation is passed, this entitlement would reduce to 12 months. For me, in a climate of economic crisis and public sector cuts across the North East, those additional four months of entitlement will be vital time that I will need to make plans and arrangements should I lose my job.

The Bill will effectively reduce my rights and cause me hardship.

The context in which I work, i.e. for an RDA that is being abolished in March 2012, the prospect of a new Bill that will erode my hard worked for entitlement, is both insulting and difficult to accept. The Bill will disproportionately affect those people who are holder and have more service which seems very unfair. Loyalty to the public sector is not being rewarded. Quite the opposite.

As a result of this Bill my accrued rights have been eroded.

I urge you to reconsider this Bill and find a fairer way of meeting the defecit, rather than causing financial hardship to hardworking, loyal public servants.

September 2010