23 February 2006
Latest guide from LRD provides practical pensions advice for reps and negotiators
With millions of workers under-saving for retirement, and both employers and the state looking to scale down their pension commitments, the UK's pension's system is in crisis.
Last November, Lord Turner's Pensions Commission published its long-awaited Second Report, containing a programme of proposals to tackle the problem.
Pensions - a guide to the Pensions Commission proposals is a new booklet from the Labour Research Department (LRD), offering a step-by-step guide to the Commission's report and its recommendations. While the report is lengthy and complex, LRD's guide breaks this complexity down into easily readable and digestible sections.
The proposal to raise the state retirement age is the recommendation that grabbed most of the headlines when the report was published, but the Pensions Commission also had plenty to say about occupational pensions. Pensions - a guide to the Pensions Commission proposals offers detailed explanation of both areas, and also:
* explains the background to the current pensions crisis and looks at why the Commission believes a new pensions settlement is needed;
* details and assesses the Commission's proposals for reforming the state pension system;
* examines how the Commission's proposals will affect employees' rights to a state pension, with particular emphasis on women, carers and older pensioners;
* looks at the Commission's recommended methods for encouraging and enabling older employees to remain in work;
* provides a detailed explanation of the proposed National Pension Savings Scheme, which (if implemented) will have the greatest impact on unions' pension negotiations and the future of occupational pension provision in the UK; and
* outlines trade unions' reactions to the proposals.
Pensions - a guide to the Pensions Commission proposals tells you all you need to know about the Commission's proposals - and, for readers who want to read the Commission's own words on any of the issues covered, it provides extensive cross-references to the relevant pages of the second Commission report.
Written in a straightforward style and containing a glossary to explain the report's jargon and key terms in plain English, this LRD booklet is ideal for distribution among reps, officials and activists at branch and workplace level to keep them informed of the key developments in one of the most crucial issues facing unions today.
Notes to editors
1. Pensions - a guide to the Pensions Commission proposals is published by the Labour Research Department, 78 Blackfriars Road, London SE1 8HF, price ?4.70. LRD booklets are also available on subscription at an annual cost of ?33.45 (?76.95 for employers/commercial organisations). LRD publishes 10-11 booklets each year.
2. The Labour Research Department is an independent trade union and labour movement organisation founded over 90 years ago. Around 1,800 trade union organisations, including 55 national unions, representing 99% of total TUC membership, are affiliated.
3. For press enquiries on this booklet, telephone Lewis Emery on 020 7902 9807. To order copies of the booklet, telephone 020 7928 3649.
4. Full information about all of LRD's services and publications is available on the LRD website at www.lrd.org.uk.