Some related articles :
News, September 8, 2002
TUC says pensioners are not getting a fair deal
TUC said it wants to restore the link between state pensions and earnings.
the CBI responded by saying it was unrealistic to expect employers to make
compulsory contributions because these were too costly.
TUC is making two key demands. It wants all companies to offer final
salary pension schemes and also wants to make it compulsory for employees
to join them.
said on Sunday that the pension debate is now the top industrial relations
issue and should be part of any negotiating package.
TUC said companies are not putting enough into new alternative pensions
and that workers are struggling to make up the shortfall.
decent employers have betrayed decades of trust as they give in to City
pressure to scrap quality pensions", said Mr Monks.
Britain, with some notable exceptions, should be hanging its head in
shame," he added.
the CBI is calling for a more moderate approach to the issue.
wants a debate on pensions but says companies would struggle to keep
paying the traditional schemes.
must stop playing the blame game if they want to generate constructive
proposals as well as headlines," said the CBI.
debate came on the same day as a report from the stockbroker Comdirect,
suggesting more than a quarter of pensioners live on incomes of less than
half the average wage.
Comdirect survey suggested over a third of pensioners wished they had
saved more before retiring.
the group also suggested young people are being put off investing by the
unpredictable nature of the stock market.
said its survey highlighted the need to "stop putting off today what
they could do tomorrow".
TUC calls for
tougher pension laws
News, September 9, 2002
Trades Union Congress ( TUC) has backed calls from its members for a new
law on pensions, to prevent what they see as the threat of "pensioner
poverty" as company schemes dwindle.
TUC wants to force all companies to provide more substantial pension
schemes, with a 10% contribution from employers and 5% from employees.
also wants to make it compulsory for workers to join the schemes and for
pension pay to be given the same level of protection as current pay.
said employers had reduced pay and conditions to their worst level since
the Second World War, by not contributing enough to new pension schemes.
an emotive debate at the Trades Union Congress in Blackpool on Monday,
union leaders said the government should act immediately to help the
millions of people without work pensions.
union member also warned that the pensions crisis could hit the government
as hard as the poll tax did the Conservatives.
general secretary of the Iron and Steel Trades Confederation (ISTC)
Michael Leahy, told the conference: "The government must act to
prevent future generations of British pensioners being poorer than their
parents and even their grandparents".
TUC also wants to make it compulsory for workers to join the new schemes
and for pension pay to be given the same level of protection as current
is also calling for the government to create a fund to protect pensions in
case a company goes bankrupt, and for the government to give companies
better tax breaks on pensions.
TUC deputy general, Brendan Barber said he expected to see more strike
action protesting against the closure of final salary schemes.
CBI has responded to union claims by saying that the rising cost of final
salary pensions had forced employers to look at other options.
Jones, the director general of the CBI, described threats of protest
strikes as a " knee-jerk reaction".
added: "I didn't think that this was what British business, British
employers and British unions would have to put up with in the 21st
TUC claims companies "seek to fatten up their margins by paying less
and offering poor terms on pension scheme membership".
secretary John Monks said: "If people are messing around with pension
rights, I consider that a strong case for strike action".
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