RAIL WORKERS' PENSIONS
EDM number 1681 in 2005-06, proposed by John McDonnell on 16/02/2006.
That this House is deeply alarmed at the attempts by railways employers substantially to increase employee pension contributions; notes this will not only be detrimental to rail workers' earnings but will threaten the future viability of the Railways Pension Scheme by forcing existing members to opt out, and deterring new members from joining; is concerned that rail employers are considering closing scheme sections, raising retirement ages and reducing benefits; believes the threat to rail workers' pensions is a direct result of the fragmentation of the Railways Pension Scheme and of employers taking pension holidays; strongly supports the rail unions' campaign to cap employees' contributions, maintain existing benefit rates, simplify the Railways Pension Scheme's structure and open the Scheme to all staff; and therefore urges the Government to do all within its power to protect the pensions of rail workers.
This motion has been signed by a total of 62 MPs.
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