East Midlands – why we are on strike today

30 April 2012

ASLEF’s 460 members who work for East Midland Trains will be on strike today as a result of a dispute with management over their pensions. In essence

· EMT has decided to cut the amount of money going into our pension scheme – thus saving the company £2.1 million between now and the next valuation.

· So the scheme becomes cheaper. And ‘cheaper’ inevitably means ‘worse’.

· Our pensions are our security in retirement. We have paid for them ever since we began work. We can’t sit and watch them being devalued.


EMT is telling the media that they are being kind to us by ‘saving’ us £500 a year in money we don’t need to pay into the fund. This is very misleading.

· We don’t want to cheapen our fund. The company fails to mention that because the pension scheme is ‘shared cost’ they save £750 a year – and so £1,250 less goes into our pension fund. In fact, some £2.1 million.

· That means the pension scheme is worth less. Our pensions will be worth less.


It is vital for all British workers to defend their pensions. In this case, why doesn’t EMT care about a cheaper pension fund? Because

it might not be running the franchise in a couple of years, so it has a short-term view of the world.

If the pension fund then is worth a lot less, they don’t care.

If they lose the franchise, they don’t have to deal with it – and if they win it, staff get lower pensions.

 

PENSIONS ARE IMPORTANT TO US ALL. WE ALL DESERVE DIGNITY IN RETIREMENT.

SO WE HOPE YOU WILL BE UNDERSTANDING AS WE FIGHT TO PROTECT OUR PENSIONS.

We’ve been prepared to negotiate and resolve this for the best part of a year.

Why hasn’t EMT?

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