Rail unions warn pensioners will lose out

Prime minister David Cameron has been accused of playing Fagin with an underhand raid on rail staffs’ pensions, according to the four rail unions.

ASLEF, RMT, TSSA and Unite issued a combined warning that more than 100,000 staff and pensioners will suffer losses when the new single-tier state pension comes into operation on 6 April 2016.

Where schemes such as the Railway Pension Scheme are currently contracted out, this will mean an increase in both employers’ and members’ National Insurance (NI) contributions from that date.

www.aslef.org.uk/information/142143/prime_minister_plays_fagin_over_pensions/