- Conference
- 2024 Water, Environment & Transport Conference
- Date
- 27 February 2024
- Decision
- Carried
Conference notes that before deregulation of the Bus Industry in 1986 many bus services were run directly by Local Authorities, therefore the employees were members of the Local Government Pension Scheme.
Since deregulation, bus company employees have been enrolled in vastly inferior Defined Contribution Schemes by their private sector employers.
When they retire , it is likely they will have a relatively poor income in Retirement and will probably lead to pensioner poverty.
Conference therefore calls on the WET Service Group to work with Labour Link and other Trade unions in the Bus Industry to campaign for the introduction of a National Sectoral Collective Defined Contribution Scheme for the Bus Industry with significantly improved Employer contributions.