UNISONActive is an unofficial blog produced by UNISON activists for UNISON activists. Bringing news, briefings and events from a progressive left perspective.

Sunday, 4 July 2010

Public sector pensions - indexation con trick could wipe £20k off typical pension value‏

UNISONActive was one of few to point out that the June 22 Con Dem budget contained a vicious stealth attack on the pension rights of public sector workers:
http://unisonactive.blogspot.com/2010/06/indexation-stealth-attack-on-public.html
Today's Observer reports on detailed research by civil service union Prospect which claims that a typical public sector worker could see £20,000 wiped off the value of their pension
http://m.guardian.co.uk/ms/p/gmg/op/swaYH5YQmcml_ev4Q2pP53Q/view.m?id=492511&tid=120787&cat=UK_news

Dai Hudd, deputy general secretary of Prospect, said: "Our figures show the true scale of the attack on public service pensions in the budget. David Cameron and Nick Clegg have consistently pledged they will not attack pension rights already built up, but that is precisely what this budget did. It also makes a mockery of the Hutton commission into public sector pensions by pre-empting its conclusions."