Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://www.socialistparty.org.uk/issue/684/12710

From The Socialist newspaper, 7 September 2011

Strike together to defend pensions

Dave Nellist, Socialist Party councillor, Coventry
Newcastle: 30 June coordinated strike action by the PCS civil service union and NUT, ATL and UCU teaching unions , photo Elaine Brunskill

Newcastle: 30 June coordinated strike action by the PCS civil service union and NUT, ATL and UCU teaching unions , photo Elaine Brunskill   (Click to enlarge)

If there is one phrase that should hang around this government like a concrete necklace, it is Tory chancellor George Osborne's "We're all in this together".

Figures published by the TUC just before its 2011 Congress show that top UK bosses saw a 70% rise in their pension pots in less than a decade. What a difference to the vast majority of ordinary families, where the average rise over the same period was 30%.

But the gap becomes more obscene when actual numbers are talked about. The Independent says the five biggest pension pots of top company directors are now worth more than 84 million.

Four of those five business leaders, the bosses of Shell, Barclays, BG Group and AstraZeneca, could all retire on pensions of over 1 million a year! Compare that with those on a state pension. Currently a single person gets 102.15 a week.

According to the TUC, the average pension in local government is around 4,000 a year, and just 2,000 for women. In the civil service, the average is 6,500. The average pension for a female NHS worker is 5,000 but even that statistic is misleading. In fact, half of all women pensioners who have worked in the NHS get a yearly pension of less than 3,500!

Tory/Lib Dem proposals mean public servants would lose tens of thousands of pounds over their careers in increased contributions, reduced pay-outs, and penalties for retiring when they had originally expected to.

The bankers, whose gambling and speculation triggered the economic crisis, still get their bonuses. But ordinary people have to pay more, work longer and get smaller pensions.

In the private sector, the position for those on low or average earnings is even worse. Only one in five private sector employees earning between 100 and 200 a week are in an employer-sponsored pension scheme, compared to 70% in the same pay range in the public sector.

The real gold-plated pensions again go to the bosses. The High Pay Commission says directors of the top hundred firms in the private sector receive average pensions of 175,000 - up to 29 times the rest of the workforce. Twenty years ago the average chief executive of a top FTSE 100 company earned 17 times the average employee's pay. Today (and after 13 years of Labour government) it is more than 75 times!

Workers ARE all in this together - we need to strike together!


TUC must step up the action!

Join the National Shop Stewards Network rally, march and lobby

The TUC should use its authority to call on all union leaders to coordinate a date in November when three to four million public sector workers, this time including members of unions such as Unite, Unison and GMB, strike together. This should be the next step in the movement that can stop this bosses' government from slashing our living standards, jobs and pensions.

As PCS union general secretary Mark Serwotka said recently: "In June the joint strike action by PCS, teachers' unions, and some local branches of Unison and Unite, put the fight against the cuts at the centre of the nation's consciousness.

"A bigger walkout - coordinated by the TUC and involving even more unions - would boost the confidence of everybody fighting cuts in workplaces and communities across the UK. I urge PCS members and other trades unionists to join the 11 September lobby of the TUC."

Why not click here to join the Socialist Party, or click here to donate to the Socialist Party.


In The Socialist 7 September 2011:


Action to defeat the cuts!

Strike together to defend pensions

Mobilise the power of the working class


The Socialist editorial

Mass workers' movement - the only way to make the super-rich pay


Socialist Party news and analysis

Tory bribes to promote socially divisive 'Free Schools' agenda

NHS reaches a tipping point

Reject health bill attacks on abortion

The riots, Clarke and the "broken penal system"

Fast news

New pamphlet - The Rise and Fall of the Scottish Socialist Party

Miliband to bury Labour


Socialist Party feature

Consequences of 9/11: a world turned upside down


Socialist Party reports and campaigns

Bristol marches against home care sell-off

EDL kept out of Tower Hamlets by thousands protesting

Stop the Dale Farm evictions

Confronting a Labour cutter


Socialist Party workplace news

Scotland - Unison calls for pensions strike

Picket lines at police stations

Workplace News in brief


Socialist Party youth and students

Youth March For Jobs

One in a million...fighting back!

NEET figures still rising

Local Housing Allowance

36,000 for a degree


Socialist Party review

Them and Us by Will Hutton


International socialist news and analysis

Libya after Gaddafi - Independent workers' action needed

Indian high commission protest over Tamil death sentences


 

Home   |   The Socialist 7 September 2011   |   Join the Socialist Party

Subscribe   |   Donate  




Related links:

Pensions:

trianglePay, jobs, pensions... Vote for a fighting general secretary

triangleGeneral secretary election: Marion Lloyd - standing for action on members' pay, jobs, pensions and more

triangleUCU ballots - yes to strike action on pensions, pay, workloads and equality

triangleStop the latest Tory attack on our pensions

triangleThe Socialist inbox

Strike:

triangleSouth African Airways workers win wage increase after strike action

triangleStrikes: more determined than ever

triangleRoyal Mail court ruling - national reps meeting and solidarity action essential

triangleIt's a strike to ensure the safety of the travelling public

TUC:

triangleCorbyn promises 'power in the hands of workers' - how can Labour do it?

triangleTrade union movement must put its stamp on swirling events

triangleLobby of TUC: Upbeat meeting calls for trade union lead to boot out Tories

Pension:

trianglePay and pension strike: university staff have had enough

triangleUCU votes for pay and pension strikes

Public sector:

trianglePCS elections: Support socialist candidates

News and socialist analysis

News and socialist analysis

4/12/19

Pharmaceutical

End profiteering from health - nationalise big pharma

4/12/19

Labour

Prepare now for the struggles after 12 December

4/12/19

The Socialist

Keep up to date with our election coverage

4/12/19

NHS

News in brief

4/12/19

Hillsborough

Hillsborough justice eluded

30/11/19

London

Unite against terrorism, racism, war and austerity

27/11/19

Northern Ireland

Northern Ireland: strike action by NHS workers

27/11/19

University

Resist attacks against free speech on campus

27/11/19

Council

End council cuts now, to end Tory austerity!

27/11/19

Tories

Tories launch 'non manifesto'

27/11/19

Labour

Labour's manifesto: fight to transform hope into a socialist society

27/11/19

Monarchy

Prince Andrew outrage exposes establishment

27/11/19

Tory

Tory election campaign's dirty tricks and lies

20/11/19

Wages

Wages flatline, while shareholders profit

20/11/19

Internet

Broadband: privatisation has failed to deliver, time for a socialist plan

triangleMore News and socialist analysis articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party
Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

LATEST POSTS

CONTACT US

Phone our national office on 020 8988 8777

Email: info@socialistparty.org.uk

Locate your nearest Socialist Party branch Text your name and postcode to 07761 818 206

Regional Socialist Party organisers:

Eastern: 0798 202 1969

East Mids: 0773 797 8057

London: 020 8988 8786

North East: 0784 114 4890

North West 07954 376 096

South East: 020 8988 8777

South West: 07759 796 478

Southern: 07833 681910

Wales: 07935 391 947

West Mids: 02476 555 620

Yorkshire: 0114 264 6551

ABOUT US

ARCHIVE

Alphabetical listing


December 2019

November 2019

October 2019

September 2019

August 2019

July 2019

June 2019

May 2019

April 2019

March 2019

February 2019

January 2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999