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A statement from Hackney Labour Group on the Day of Action on 30th November:
Labour group believes that the Local Government Pension Scheme (LGPS) is a good quality pension scheme that benefits from being funded and locally managed.
Labour group believes that the proposals from the Government are not an attempt to ensure that the pension scheme is sustainable but is in reality a savings exercise as none of the additional revenue will go towards improving the financial security of the scheme.
Labour group believes that the government's intransigence has increased the possibility of industrial action.
Labour councillors support the work of the trades unions in raising awareness of this issue and local government employees in defending their pension scheme. We regret the potential implications for local residents and service users of industrial action but we have confidence that the most vital services will be maintained. Labour councillors recognise that trade unions members have an entirely legitimate grievance in a dispute that is not of their making.