John Hutton, Baron Hutton of Furness

John Matthew Patrick Hutton, Baron Hutton of Furness (born 6 May 1955) is an English politician. He is a member of the Labour Party.

He was the Member of Parliament for the Barrow and Furness constituency in the United Kingdom. He was first elected in the 1992 general election, and retired in 2010. In March 2011 he published a report on public sector pension reform.Independent Public Service Pensions Commission announcement of Report on Treasury websitePDF version of report

The report states that radical reform to the pension plans of six million public sector workers still leave them with "hugely generous" settlements. The retirement crisis has been caused by the scrapping of gold-plated final salary pension schemes for private sector workers coinciding with low-interest rates and a lacklustre stock market. House prices have also fallen. "Future pensioners are likely to be confronted by a crisis of expectations and a squeeze in income", the report warns.

References

Category:1955 births
Category:Living people
Category:Members of the British House of Commons for English constituencies
Category:Labour Party (UK) MPs
Category:UK MPs 1992–1997
Category:UK MPs 1997–2001
Category:UK MPs 2001–2005
Category:UK MPs 2005–2010
Category:Labour Life Peers
Category:Chancellors of the Duchy of Lancaster