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From The Socialist newspaper, 13 November 2004

Defend Pension Rights

THE FUTURE of our pensions is one of the most worrying questions for workers in Britain. People are living longer and both government and private employers want to shift the cost on to working-class people's backs.

Roger Shrives

People worry - when they grow old will they face a future of poverty? We haven't seen such an onslaught on pension rights since before the second world war.

Pensions are in reality deferred wages. In the last decade over two million workers lost their rights to a decent occupational pension. Private-sector bosses robbed their workers of nearly 19 billion from their pensions between 1987 and 2001 by taking a contributions 'holiday' while stock prices were high.

After stocks and shares dipped, bosses saved another 4,000 per worker per year by abolishing final salary schemes and increased their profits by another 4 billion through cutting their own contributions.

Strikes have already taken place in some private sector workplaces when workers found that the pensions they expected were under threat. Now's the time for a united TUC-led campaign against the threat to pension rights in both private and public sectors.

The Socialist Party says

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In The Socialist 13 November 2004:

Withdraw The Troops

Big events will shake Bush win

How Could Bush Win?

A balance sheet on Nader's campaign


Socialist Party campaigns

Civil Servants Strike

Civil servants show Blair they mean business

Great display of solidarity

Defend Pension Rights

We won't work till we drop

Fight for your future

Why the North East said 'no'

Organising against low pay

Support Jag workers' fight for jobs


International socialist news and analysis

Massive vote for social change in Uruguay

Slovakia solidarity appeal:

Film director's Murder sparks racist backlash


 

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