Quote:
Originally Posted by Royboy39
The present resolutions are based on pension payouts, something that the majority of people do not get.
I think these resolutions are cobblers and will pass them by.
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But many millions of people ARE affected by the pensions changes, and someone has to stand up and voice their concern.
We are not talking just about pensions for fat-cat bureaucrats, but for nurses, cleaners, dinner ladies and carers. They are being made to suffer by the actions of previous governments who saw pension funds as an easy target for "stealing" cash. The Thatcher government in the 1980's reduced the contributions to pension funds which left them underfunded, and this was exacerbated by Gordon Brown's removal of tax concessions for profits made by the funds during the 1990's.
It has left the pension funds in a precarious state. Hyndburn Council's fund, for example, is 48 million pounds underfunded. And so the present government is reducing the amount that people retiring will get from the fund. Future generations are being made to pay for the excesses of the past.
It is not a party political issue, because the sufferers are both Labour and Conservative voters, and the blame lies with previous Labour and Conservative governments. It is something of a national scandal, and the Unions are right to kick up a fuss, as should any organisation representing the interests of older people.