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From The Socialist newspaper, 13 November 2004

Defend Pension Rights

THE FUTURE of our pensions is one of the most worrying questions for workers in Britain. People are living longer and both government and private employers want to shift the cost on to working-class people's backs.

Roger Shrives

People worry - when they grow old will they face a future of poverty? We haven't seen such an onslaught on pension rights since before the second world war.

Pensions are in reality deferred wages. In the last decade over two million workers lost their rights to a decent occupational pension. Private-sector bosses robbed their workers of nearly 19 billion from their pensions between 1987 and 2001 by taking a contributions 'holiday' while stock prices were high.

After stocks and shares dipped, bosses saved another 4,000 per worker per year by abolishing final salary schemes and increased their profits by another 4 billion through cutting their own contributions.

Strikes have already taken place in some private sector workplaces when workers found that the pensions they expected were under threat. Now's the time for a united TUC-led campaign against the threat to pension rights in both private and public sectors.

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Coronavirus crisis - Finance appeal

The coronavirus crisis has laid bare the class character of society in numerous ways. It is making clear to many that it is the working class that keeps society running, not the CEOs of major corporations.

The results of austerity have been graphically demonstrated as public services strain to cope with the crisis.

The government has now ripped up its 'austerity' mantra and turned to policies that not long ago were denounced as socialist. But after the corona crisis, it will try to make the working class pay for it, by trying to claw back what has been given.

  • The Socialist Party's material is more vital than ever, so we can continue to report from workers who are fighting for better health and safety measures, against layoffs, for adequate staffing levels, etc.
  • Our 'fighting coronavirus workers' charter', outlines a programme to combat the virus and protect workers' living conditions.
  • When the health crisis subsides, we must be ready for the stormy events ahead and the need to arm workers' movements with a socialist programme - one which puts the health and needs of humanity before the profits of a few.
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In The Socialist 13 November 2004:

Withdraw The Troops

Big events will shake Bush win

How Could Bush Win?

A balance sheet on Nader's campaign


Socialist Party campaigns

Civil Servants Strike

Civil servants show Blair they mean business

Great display of solidarity

Defend Pension Rights

We won't work till we drop

Fight for your future

Why the North East said 'no'

Organising against low pay

Support Jag workers' fight for jobs


International socialist news and analysis

Massive vote for social change in Uruguay

Slovakia solidarity appeal:

Film director's Murder sparks racist backlash


 

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Related links:

Pension:

triangleTory think tank proposes attack on pensions

triangleFrench workers demonstrating in Paris on 16 January; Over 40 days of strike action have taken place against the government's attack on pensions. Photo James Ivens

triangleFrance: Battle over pension rights continues

triangleWest London Socialist Party: French workers - fighting back against Macron

triangleMillions strike in France

Pensions:

triangleUniversity workers' strike escalates

triangleUniversity strikers walk out for better pay and pensions

triangle14 more days of university strikes over pensions, pay and conditions

triangleUniversity and College Union: Pensions, pay and conditions dispute reach a crucial stage

Jobs:

triangleThe 'Lucas Plan'

triangleFight P&O's billionaire bosses' jobs cut plan

triangleEnergy firm plans to make 2,600 redundant

Britain:

triangle1920s Britain: A "country nearer Bolshevism than at any time since"

triangleBristol North Socialist Party: Crisis, capitalism and class division - a discussion on perspectives for Britain

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