12/10/2011
UNISON chief in warning over pensions value

Speaking at the union’s retired members’ conference, UNISON General Secretary, Dave Prentis, will today warn the government that anger is building from pensioners hit hard by their decision to use CPI, not RPI*, to calculate pension payments. He will also thank the union’s retired members for their strong support in the union’s campaign for decent pensions, as it gears up for the biggest industrial action in a generation over detrimental changes to public sector pensions. Dave Prentis, UNISON General Secretary, said: “I am warning the government that pensioners are angry that their savings have been raided. Not only do they face the biggest industrial action in a generation from public sector workers, they face losing the long term support of pensioners come election time.“Retired members know how important it is to stand up for pensions rights. They know that even after a lifetime of saving, public sector pensions are not gold plated. They also know what a struggle it is for other pensioners to cope with the rising cost of living. Energy bills and the price of basics such as food and housing are on the up. These daily essentials take up the lion’s share of pensioners’ weekly budgets. “The government has made things harder for pensioners by switching from retail prices to consumer prices to calculate pension rises. From April this year, this will spark a long-term decline in the value of public and state pensions. This will push more pensioners into poverty in their retirement.”Separating the pensions facts from the right wing fiction: If closed today the LGPS could still pay all its liabilities for 20 years The Treasury gets £2bn more in NHS pension contributions than it pays out in benefits The average Local Government pension is £4,000 pa - hardly gold plated. The average NHS pension is £7,000 per annum - again hardly gold plated. Half of NHS women pensioners receive less than £3,500 per annum The bosses of Britain's largest companies have an average pension 34 times bigger than the average public sector pension*CPI – consumer prices index, RPI – retail prices index UNISON has 1.4 million members, and another 140,000 retired members.