Monday, 22 October 2007

Siemens pensions, state pensions

UNITE has issued another press release as part of the campaign against the closure of Siemens' final salary pension scheme.

This comes after ministers announced a measly £3.40 (3.9%) increase in the state pension from 1st April 2008. According to the National Pensioners' Convention, the real rate of inflation faced by pensioners is double the average figure because the items on which they spend their money, like food and fuel bills, have increased greatly over the last few months.

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