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28 August 2019

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Stop the latest Tory attack on our pensions

London strike demo 30 November 2011 pensions dispute photo Senan, photo Senan

London strike demo 30 November 2011 pensions dispute photo Senan, photo Senan   (Click to enlarge)

Terry Pearce, Thames Valley National Pensioners' Convention

Pensioners are under attack. The Centre for Social Justice, a right-wing think tank, is proposing that pensioners should in effect work until they drop. Led by former Tory leader Iain Duncan Smith, an architect of vicious welfare cuts, the think tank wants pensioners to continue working until they are 75 from 2035, with pension age rising to 70 by 2028. UK pensions are currently among the lowest in Europe.

This will mean that many pensioners will die before they retire. For example, in Glasgow, the average male life expectancy is only 71.6 years. Women, on average, could only expect three years of retirement.

For the first time ever, life expectancy is beginning to decline, thanks to austerity and rising poverty. This means more people dying before they get to pensionable age.

The pension age is already rising. Next year it will rise to 66, by 2028 it will be 67, and 68 in 2046.

Pensioners, youth and trade unions must unite to defeat this reactionary proposal.

Recently, the BBC decided that they would no longer subsidise the TV licence, meaning that pensioners must find extra money just to watch the TV (see 'Defend free TV licences for over-75s').

Tory policies make pensioners work longer, receive lower pensions, lose their TV licence subsidy and suffer a general deterioration in living standards. For too long pensions have been seen purely as a pensioner's problem, but socialists recognise that it is a class issue - most pensioners are workers no longer at work.

Pensioners taxed

Many pensioners continue to pay tax upon retirement and are subject to the financial pressures facing other workers, such as price and rent rises. Many pensioners are also unpaid carers and are forced to work part-time to make ends meet.

The National Pensioners Convention seeks to unite pensioners and young people under the banner of Generations United, to present a united front against exploitation of both youth and pensioners. The trade unions need to play a bigger role in defending pensioners and pensions, they will all be pensioners one day.

The 2011 public sector strikes against pension cuts were the single biggest day of industrial action ever in Britain. And young people were their biggest supporters.

We need to build unity and solidarity among workers, youth, pensioners, students, tenants and trade unionists to oppose these Tory attacks on workers. We need an immediate 50% increase in the state pension as a step towards a living pension.

Free TV licences must be retained, and the 'triple lock' - where pensions rise in line with inflation, 2.5% or average earnings, whichever is higher - must be protected, along with free bus passes and the winter fuel allowance.

We must reject any increase in the pension age and in fact campaign for a lower pension age so that pensioners can enjoy more years of retirement, if they wish.

The Socialist Party campaigns for a minimum wage of at least 10 an hour, as a step towards a real living wage. We fight for rent controls, an end to zero-hour contracts and against all cuts to health and social care.

Like many other issues under capitalism, pensions will never be secure as long as the 1% cream off the profits while the 99% are left with the crumbs. A Corbyn-led Labour government with socialist policies must pledge to protect pensions from right-wing think tanks and Tory attacks.

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In The Socialist 28 August 2019:


What we think

Workers' movement must launch a campaign for a general election


News

Amazon fires: Big business is destroying the environment

Stop the latest Tory attack on our pensions

Notts child abuse scandal: Socialist Party demands action programme to prevent future cases

Knife and gun crime a product of poverty and austerity


International socialist news and analysis

Imperialist tensions escalate as world economy teeters

Italy: Governing coalition fractures as Salvini looks to capitalise on crisis


Workplace news

Interview with Sean Hoyle - left candidate in RMT general secretary election

Postal union ballots 100,000 workers for strike action

Strike action wins privatisation reprieve at Bradford hospitals

Barry Hospital workers fight to save ward from closure

Retail workers fight back against Scrooge bosses

DVSA workers strike for four weeks over conditions and workload

Merseyside Matalan workers walk out over pay deal

Liverpool RMT seafarers protest against super-exploitation

Probation hostel rest room win

Harland and Wolff occupation

BEIS strike


Northern Ireland

Brexit and the border in Northern Ireland- will there be a return to the 'Troubles'?


Socialist Party reports and campaigns

Lincolnshire health visitors' solidarity rally

Worcestershire: Stop the fire cuts!

Bangladeshi campaigners fight mining giant for justice


Opinion

The Socialist Inbox


 

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Related links:

Pensions:

triangleUnite young and old to defend the pensions triple lock

triangleUniversity bosses push through pension cuts proposal

triangleDefend the triple lock - Fight to end poverty pensions

triangleLessons of the 2011 pensions strike: when workers showed their power

trianglePCS Broad Left Network conference

Pensioners:

triangleDefend free TV licences for pensioners!

triangleTory think tank proposes attack on pensions

triangleLeeds pensioners occupy BBC to save free TV licenses

triangleResidents mobilise to stop eviction

Pension:

triangleNews in brief

triangleArcadia and Debenhams closures: Nationalise to save jobs and pensions

triangleFighting for over 250 jobs that are under threat at the Wales Millennium Centre in Cardiff. Photo M Kamish

TV:

triangleTV Review - Help: Heart-wrenching portrayal of Covid care home crisis

triangleTV review - Grenfell: The Untold Story

Article dated 28 August 2019

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