Defend Your Pension
The Railway Pensions Committee has produced its first report, having scrutinised submissions from trade unions, employers and government. In general, it is a summation of and commentary on those submissions with additional sections covering the historical and legal background. The unions made three main demands: 1. cap employee contributions at 10.56%; 2. keep benefits at least at their current level; 3. streamline the scheme into three active sections. On the first two, the report does not say a lot as these are to be addressed in its final report. But its general line at the moment is that...