Fair Pensions for ALL: The Facts

Fair Pensions for All is a pamphlet produced jointly with Unite, PCS, UCU and the National Pensioners Convention. This document dispels the myths about public sector pensions, exposes the scandal of pension provision in the private sector and sets out the compelling case for fair pensions for all.

• The UK currently has the fourth lowest state pension in the EU- only Estonia, Latvia and Cyprus pay less to keep pensioners in security and dignity in old age. The basic state pension is currently £102 a week, worth only 57% of the government’s official weekly pensioner poverty level of £178


• More than two million UK pensioers officially live below the poverty line, with a further million in fuel poverty.


• Just over a decade ago nearly half of all private sector workers were in a workplace pension scheme; today it is only a third.


• However, while pensions have been ripped away from ordinary workers, the directors of large companies continue to net very generous pensions averaging £175,000 per year in retirement. These generous fat cat schemes at the top lapped up the bulk of the £37.6bn in tax relief that private sector pensions get every year.


• The Hutton report “firmly rejected the claim that current public service pensions are ‘gold plated’ …the median payment is around £5,600”. This equates to just over £100 per week in retirement. For a woman worker in local government the average pension is just £2,600.

Download the full facts, in the leaflet HERE