Pensions Follow

A government scheme to guarantee the pensions of millions of workers is in danger of collapsing because of the huge growth in corporate pension shortfalls.

We have just concluded a 57 day strike. People have really sacrificed over that period. But it felt good to conclude it with a significant win and even over job security - where the company seemed intractable - we made gains.

The government was boasting last month of its plans to ensure that half a million people would be entitled to the full state pension despite not having paid sufficient national insurance (NI).

Tens of thousands of telecom workers face having to work an extra five years before they can retire.

Ministers and employers are gearing up for yet another assault on our pension rights – including renewed attempts to raise the retirement age – and we need to prepare to fight back.

The plummeting stock markets are having a devastating effect on the pensions of working people.

In the midst of all the headlines about banks going bust and billion dollar bailouts, one aspect of the chaos currently ripping through the financial markets has gone relatively unmentioned – the looming crisis in pension funds.

Gordon Brown and his chancellor Alistair Darling are breaking another promise – this time over 120,000 pension robbery victims.

The government is under renewed pressure to improve compensation for the 125,000 victims of failed company pensions after it lost a vital House of Lords vote recently.

The GMB union has accused the private equity industry of raiding workers’ pensions and dumping liabilities into insolvent pension funds.

A wide-ranging new attack on the pensions of millions of private sector workers was unveiled last week – on the basis of a report co-authored by a top trade unionist.

The future pensions for millions of local government workers are hanging in the balance.