Tuesday, 20 September 2011

Vote Yes for Industrial Action to Protect Your Pension

VOTE YES FOR INDUSTRIAL ACTION TO PROTECT YOUR PENSION

The government are proposing changes to public sector pensions. They mean you will:

PAY MORE, WORK LONGER & GET LESS!

You will PAY MORE because for those earning £15,000 per year or more they want to increase the employee contribution by 50% so you will have to pay at least another 3%of your salary.

You will WORK LONGER because the government want to bring your retirement age into line with the state retirement age, which is increasing from 65 to 68.

You will GET LESS because the government have already changed the way they calculate yearly pension increases – they are now using the Consumer Price Index (CPI) rather than Retail Price Index (RPI) – the CPI doesn’t take into account housing costs, council tax, TV licence and car tax – and because it’s always lower than the RPI this means your yearly pension increases will be lower – amounting to over a 10% reduction in the total value of your pension.

The government’s proposals amount to a MASSIVE PAY CUT, on top of our already frozen pay, and will hit six million workers.

The cost of losing a day’s pay by taking industrial action pales into insignificance compared to the amount you will lose if these changes are introduced.

More information at: www.unison.org.uk/pensions/protectour.asp

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