Pensions

“Pay more, work longer and get less”

 

On top of a pay freeze, rising inflation and the threat of redundancy, public sector workers now face a pensions raid. The government is proposing:

  • Staff contributions to increase by up to 50%
  • Retirement age to be increased – for some people this could increase to 68!
  • Pensions to be calculated on your career average salary rather than your final salary.
  • Workers who are outsourced should not be allowed to be members of the scheme.
  • Increases in pensions should be linked to the lower CPI measure of in-flation rather than the RPI measure of inflation, making you worse off.

There is a lot of mis-information surrounding public sector pensions. Public sector pensions are not gold plated, with the average in local government pension being £4,000 a year, falling to an average of £2,800 for women. Public sector pension schemes make more money than they pay out and they are entirely sustainable on that basis. Millions in surplus from the NHS Pension Scheme is re-invested into the public sector every year.

UNISON is negotiating on the issue, but the government may not change its proposals. If there is no change UNISON is preparing to ballot its members on industrial action on the matter.

Make sure you support the action,

Support your pension.

Protect Our Pensions – www.unison.org.uk/pensions