TfL drops government mandated review into its staff pensions

Transport for London’s review of its staff pension scheme, a condition of its pandemic funding from the central government, has ended, and TfL will not make any changes to its operation.Under the terms of the funding settlement agreed in August 2022, TfL had to review its pension scheme. In October 202, it sent a report to the Department for Transport (DfT) outlining a range of options for reforming staff pensions and an option for no change at all.
Although TfL’s pension is more gen