What seems to have been missed is that the LGPS IS sustainable, at least for the next 20 years. That was the agreement reached way back in 2008 (so much for a long term agreement). At this time publci sector workers accepted (albeit under protest) that they would work longer and have have the basis on whcih their pensions were calculated reduced.
The £2.8bn the governemnt is attempting to raise over the next couple of years from these changes is not even going into any so called pensions deficit, but is simply a cash grab to plug the hole in the economy caused by recklessness in the financial sector.
I hear calls that the public sector must take its share of the overall burden on the economy - so a two year pay freeze and 500,000 job losses doesn't count?!
The sheer affrontery of this government leaves me speechless. We've seen sustained attacks on our pay and conditions for years, enough is enough.