To understand the significance of the pensions dispute, we have to give it context. Pension provision for all workers in Britain is under sustained attack. Employers constantly announce that final-salary schemes are being closed and replaced by inferior money purchase schemes. Even these will be attacked when employers read the government’s Pensions White Paper.
So it was a brave but necessary step for the rail unions to launch their campaign in defence of railway pensions. The campaign united four unions making four demands: affordable contributions, maintaining benefit levels, keeping the