According to recent reports, changes to the pension scheme and a mounting dispute between unions and employers over pension shortfalls could cause major rail strike action later this month.
Various unions, including ASLEF, are upset by pensions-related matters this week. ASLEF are angered by a failure to top up a pensions shortfall by London Midland, who took over the franchise from Silverlink.
A statement from ASLEF reportedly said: "Some train drivers – the ones nearest to retirement - stand to lose £2,700 (US$5,295) a year from the pensions they expected to receive – and £4,700 from the lump sum to which they expected to be entitled. London Midland agrees that this is the case, but says that it is prepared to do no more than share the cost of putting it right – some £1.4m."
Threat of rail strikes due to pensions
Pensions Quote Line
0845 108 0505
Threat of rail strikes due to pensions
Mon, 18 Feb 2008
Recommended links
Pensions enquiry formPensions top ten results
Personal pensions
Occupational pensions
Pension change should come earlier, MP says
Pension returns lowest since 2002
| pensions news |
|---|
| Warning on pension annuities - Thu, 22 Jul 2010 |
| Government reforms pension annuities - Tue, 20 Jul 2010 |
| Pension holders set to benefit from energy rebate scheme - Tue, 13 Jul 2010 |
| More News |
Pensions Newsletter
Monthly pensions news, provider info & more.
Transferring a Pension
Learn more about pension transfers and enquire about transferring your pension.
SIPPs
Read up on Self Invested Personal Pensions and take control of your pension fund.