London Underground Pension Fund is considering putting up the minimum age for early retirement from 50 to 55, and they are considering other changes, such as abolishing Additional Voluntary Contributions.
This follows hot on the heels of Metronet and TubeLines stopping new recruits joining the LRT Pension Fund and making them join a new, inferior scheme instead — and TfL trying to prevent some of its staff joining the Fund until they have worked for the company for a year.
This affects not just those new recruits, but everyone in the LT Fund, which will now have less money coming in.
Tubeworkers need a fight against these attacks from our unions, and members need to know what is going on. Trade unions in other public services are fighting to defend their pensions, and we need to be part of that fightback.