The Railway Pensions Committee has produced its first report, having scrutinised submissions from trade unions, employers and government. In general, it is a summation of and commentary on those submissions with additional sections covering the historical and legal background.
The unions made three main demands:
1. cap employee contributions at 10.56%;
2. keep benefits at least at their current level;
3. streamline the scheme into three active sections.
On the first two, the report does not say a lot as these are to be addressed in its final report. But its general line at the moment is that