GMB Call On Public Sector Workers To Vote Against Tory Party At Next Election To Save Pensions

28 Nov 2008

GMB reject Tory leader David Cameron’s plan to phase out public sector pensions related to earnings and replace them with glorified pensions savings schemes
GMB today rejected plans by Tory leader David Cameron’s plan to phase out public sector pensions related to earnings and replace them with glorified pensions savings schemes.
 
Paul Kenny GMB General Secretary said, “Conservative Party leader David Cameron says that public sector pensions are too generous and should be done away with. This creates more “clear blue water” between the Tories and public sector workers. The 4.5 million members in public sector pension schemes and their families should pay heed to Tory plans when it comes to voting at the next general election.
David Cameron has managed, until recently, to hide the old, worn out and discredited Tory Party agenda, which is to attack ordinary workers and their families. It is now clear that the Tory Party has not moved away from the primitive philosophy of laissez-faire capitalism and the delusion that shoveling more savings to their discredited friends in the City will end pensioner poverty.
The Tories have form on this subject. GMB members remember that it was the Tories who ended the link between that state pension and average earnings. It was Tory legislation that undermined private final salary pension funds and brought about the pensions mis-selling scandal of 1980/90s.
GMB considers that keeping Britain’s increasing pensioner population from an impoverished future is a serious national responsibility. Reforming all pension schemes, public and private, to encourage saving for retirement is a perfectly legitimate and positive aim. This may not be the best time to persuade private employers and individuals to commit more current income to future saving but that has got to be the right long term policy – if we want to avoid generations of people in poverty in retirement
The issue must not become a political football.  In the UK we will not meet this responsibility by reducing public sector pensions just because the private sector has done this. It is right to have good quality public sector pensions and David Cameron is plain wrong to say that they should be worsened just because that’s what the private sector has done.”