Socialist Worker

Pension myths

What's the truth behind the headlines?

Issue No. 2258

  • The government says pensions are a “perk”—but we’ve paid for them. They are part of workers’ wages, deferred until retirement
  • They say change is needed to avoid a pensions “crisis”. But the real crisis is that ordinary people live in poverty while there is no limit to the cash for bankers and war
  • Our pensions aren’t “gold plated”. A quarter of civil service workers get under £40 a week
  • The attacks hit the lowest paid the hardest. One in ten earning under £21,000 will opt out when contributions go up

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