Socialist Worker

Bosses go on the attack over pensions

Issue No. 2196

The bosses’ CBI has launched a vicious attack on the pensions of public sector workers.

They claim public sector workers must pay more or get less in pension payments.

They also want people to work until they are 68, and for private companies to be relieved of the responsibility to pay workers’ pensions if they buy up public services.

But the real scandal is at the top of society.

While public sector pensions cost around £4 billion a year, it costs £10 billion a year for tax relief on pensions for the richest 1 percent.

And for police and MPs, golden goodbyes have never been kinder.

The annual cost of the police pension scheme is £2 billion—rising 50 percent in five years.

The police scheme—which the CBI did not call for cuts to—is the best in the public sector.

On average police get to retire at 51.

And MPs are the last people to worry about paying the bills after they stop “working”.

Over £150 million will be paid into the mucky hands of the MPs, some taking over £1 million each.

The highest paid will be Tory toff Andrew MacKay, with a total package of £1.8 million.

MPs will be able to continue their cushy lifestyles in comfort until they die.

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Article information

Tue 6 Apr 2010, 18:32 BST
Issue No. 2196
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