Rail unions accuse Cameron of playing Fagin

David CameronDavid Cameron has been accused of playing Fagin with an underhand raid on rail staff pensions, the four rail unions have said.

ASLEF, RMT, TSSA and Unite issued a combined warning that more than 100,000 staff and pensioners will suffer losses under the proposals from the Tory-Lib Dem coalition.

In a joint statement they said: ‘The government, once again, is raiding workers’ pensions to fund tax cuts for the rich. As part of its austerity agenda, the government is proposing wide ranging changes to the state pension – and not just to the age of retirement.

“This time David Cameron and George Osborne are picking the pockets of the occupational pension schemes. The government has passed legislation that ends pension contracting out from 6 April 2016, when the new single tier state pension comes into operation. Where schemes such as the Railway Pension Scheme are currently contracted out, this will mean an increase in both employers’ and members’ National Insurance contributions from that date.

“The Tories have given the employers a statutory override to simply dip into workers’ occupational pension schemes to pay the increased National Insurance bill – without reference to the pensions’ trustees or scheme rules. They are protecting the rail companies’ profits by raiding rail workers pensions.

“We are not going to stand idly by and watch our pensions being plundered to fund their private profits.”

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Tim Lezard

Campaigning journalist, editor of @Union_NewsUK, NUJ exec member; lover of cricket, football, cycling, theatre and dodgy punk bands

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