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

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