Socialist Worker

New pensions attack coming

Issue No. 2182

Alistair Darling last week told Britain’s 5.8 million public sector workers that pay rises would be capped at just 1 percent and that their pension benefits could not last much longer.

He said, “Public pensions need to be broadly in line with those offered in the private sector.

“So, by 2012 contributions by the state to public service pensions for teachers, local government, NHS and the civil service will be capped—saving around £1 billion a year.”

Teachers are likely to be the first in the firing line as their scheme is the first to be revalued.

The government’s proposals would mean teachers facing demands to pay an extra

£300 a year.

But rather than being a burden on the state, public sector worker are lending money to the government.

NHS workers paid £7 billion into their scheme last year. The amount paid out to retired members was £3 billion.

Click here to subscribe to our daily morning email newsletter 'Breakfast in red'

Article information

Tue 15 Dec 2009, 17:35 GMT
Issue No. 2182
Share this article


Mobile users! Don't forget to add Socialist Worker to your home screen.