Your Pay or Your Pension?

Posted in Tubeworker's blog on Wed, 08/07/2009 - 14:37,

Management's latest 'Heads Up' bulletin introduces the possibility that by asking for too much pay, the unions could be putting the pension fund at risk. Each pay increase, it argues, increases the pressure on our pension fund, which is already struggling in this economic climate. This completely ignores the reality that we would not have a pension fund at all without the union, and that the more pay we win, the more money goes into our pension pot. To to turn reality on its head and threaten us about pensions in this way is disgusting. It may frighten a few, but most people can see through their flawed logic and recognise it for the scare-mongering that it is.

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