Quote:
Originally Posted by gynn
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.
|
That's all well and good but I never notices anybody taking to the streets when private pensions were hijacked, leaving millions sort on their pensions, if lower pensions is okay for the private sector it sure as hell should be for the public sector, after all the public sector pensions are funded by millions who will never benefit from them in any way shape or form