Where’s the Nelson Mandela of Pensions?!
The Sunday Times - Leading article: The new apartheid
I’ll say.
Days after saying the case was “irrefutable” for raising the retirement age of public sector workers from 60 to 65, Mr Johnson allowed existing employees to continue to retire at 60, keeping their gold-plated, index-linked, final salary pensions.
The signal that sent out was appalling. The days when public sector workers got excellent pensions only in return for low pay are long gone; official figures show median earnings for those who work for the government are higher than in the private sector. Across the country firms have been closing down their final salary pension schemes, while the number of private sector employees working beyond normal retirement age has been growing sharply and is up by nearly 100,000 over the past year.
Silly.
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