Socialist Worker

Work longer and die younger

Issue No. 1932

Don't let them steal your pension!

THE GOVERNMENT has unveiled one of the single biggest assaults on workers’ living standards since the Second World War.

Up to five million public sector workers face working an extra five years before they can claim their pension.

Imagine if that same principle were applied to the basic working week. You would be told that you had to work for an extra three hours a week, on top of your 38 hours, for no extra pay.

And because pensions are a form of deferred wages, Labour is really forcing through a giant wage cut.

Every report shows that the later workers retire, the sooner they die. Teachers who retire at 65 die, on average, 18 months later. Those who retire at 60 live far longer.

This attack will give a green light to private sector employers to close decent pension schemes, drive up workers’ contributions or raise the retirement age.

Public sector union leaders met on Monday of this week at the Trades Union Congress (TUC) to discuss their response. They agreed to coordinate their activities in the new year. Any joint move will be welcome.

But it is going to take a serious fight, mobilising the millions of workers who are affected, in order to stop this pensions robbery.

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

Article information

Sat 18 Dec 2004, 00:00 GMT
Issue No. 1932
Share this article

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