Unions welcome Government Backtrack on Pension Proposal

13 February 2014

The government has been examining whether employers can be given the right to make changes to pension schemes to recoup the National Insurance rebate they will no longer receive following the closure of the second state pension. It was therefore considering a statutory override of Protected Persons Regulations

However following a consultation process, the Department for Work and Pensions has agreed that the promises made to staff during privatisation must remain in place.

ASLEF General Secretary Mick Whelan commented “This is a victory for fairness and principle. The measures considered by the government would have made a mockery of the assurances and promises made to railway staff during the privatisation of the railway. If they could override these protections,what would have been next?”

Mick added ‘while this is welcome news for our protected members, the government are still pursuing measures to allow employers to offset the National Insurance increase by changing the rules of schemes without the consent of trustees for non-protected staff. We will continue to do everything in our power to stop employers making unfair and detrimental changes to pensions in order to save them money.”

Back »

By continuing to use this site, you agree to the use of cookies. For more information please refer to ASLEF’s Privacy Policy