Pensions Follow

Lord John Hutton has published an interim report into public sector pensions.

Millions of workers will be forced to pay more into their pensions or face poverty in retirement, as reports this week revealed that bosses are planning cutbacks.

BBC workers have started a fightback against management attacks on their pensions.

From April 2011 the BBC proposes that pensionable salaries will grow at a maximum of 1 percent a year, whatever salary increases an employee receivesThe 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 behindBosses took a "contributions holiday" during the boom years and didn’t pay in the company’s share of workers’ pensions

"I have never known such a sense of outrage. BBC staff feel taken for granted and insulted by management.

BBC bosses’ are attacking workers pensions, but theirs are protected. It was revealed last week that a multi-million pound pension slush fund exists for senior BBC executives. The fund saw BBC director general Mark Thompson receive a £163,000 pension top-up last year, while deputy director general Mark Byford stands to receive a £400,000 pension.

"The effects of a crisis created on Wall Street are being used as an excuse by BBC management to launch an attack on workers.

Work and pensions secretary Iain Duncan Smith is lying in order to attack pensions.

Figures from the Office for National Statistics show

David Cameron and Nick Clegg are saying that "gold-plated" public sector pensions are "unaffordable" and "unfair". The right wing media is pumping out propaganda day after day claiming that the cost of the pensions is soaring.

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

CSC UK has become the latest IT company to announce plans to close its final salary pension scheme.