Workers facing a bleak old age says pension review

Yesterday's news contained “a wake-up call” on the poor state of private pensions. My union is in dispute over changes to our pension plan (which affect new hires more severely than old folk like me). The government argues that public sector pensions need to change because they are out of line with provision in the private sector. But, as this report shows, the problem is not that public sector pensions are “gold plated” but that private sector pensions are woefully inadequate.

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