Socialist Worker

BBC bosses' attack will erode workers' pensions

Issue No. 2214

  • From April 2011 the BBC proposes that pensionable salaries will grow at a maximum of 1 percent a year, whatever salary increases an employee receives
  • The link with inflation will be broken if the bosses win—meaning that if inflation is at 5 percent, pensions will still be held at 1 percent. So just as workers have seen below-inflation pay deals, they will also see their pensions fall far behind
  • Bosses took a “contributions holiday” during the boom years and didn’t pay in the company’s share of workers’ pensions

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

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