A Simpler Way to Better Pensions

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2002 Retired Members' Conference
21 August 2002

Conference notes the publication of the report by Alan Pickering published in July 2002.

Conference is concerned at many of the proposals set out in this report. In particular, Conference registers its disagreement with the following:

1)Change of pension accrual rate from 1/80th to 1/100th (one per cent);

2)Change of definition of pensionable salary to career average earnings;

3)No requirement to provide a spouse’s pension;

4)No requirement to index link in the future.

The net effect of these proposals will be to erode the value of occupational pensions and unless the state pension is to be greatly enhanced, ensure a retirement income of penury for a great many pensioners.

Conference calls upon UNISON to oppose these proposals in their infancy before they become government policy.