General secretary of the General Federation of Trade Unions GAWAIN LITTLE calls for support and participation in the national partnership organised to celebrate the 100th anniversary of the 1926 general strike
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State pensions: a diminishing ‘benefit’ under the Tories
What was once common sense to both major parties – that we all pay a little of our wages to receive a pension when we are too old to work – has been viciously undermined by decades of neoliberalism, explains NICK WRIGHT
one pound coins
After brutal police crackdowns on pensioners and the forced approval of secret IMF deals, trade unions are finally responding to grassroots pressure and fighting back against savage neoliberal reforms, reports BERT SCHOUWENBURG
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TWO days ago my state pension went up in lockstep with the inflation figures for last year.
Useful, if not really keeping pace with the basket of price rises that devalues the average pension, but, raised in line with the Tories’ electorally effective “triple lock,” it is an effective marker of the ways in which the weekly income of working people and pensioners loses its value.
But it is not a bloody “benefit” — at least in the reworked meaning of that word. I paid for it with National Insurance deductions from my wages over decades. The proof is brought home with the carefully annotated reminder that my state pension is a bit higher than otherwise might be the case when I paid Barbara Castle’s enhanced State Earnings-Related Pension (Serps) contribution.
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