It is not long since we saw the Royal Mail sold off at a bargain basement price; as I understand it, the real value to the Government was that it enabled them to get their hands on the £28 Billion pension pot. Hard cash to make their books look better than they really are. Our Postie’s pensions will now be paid for by our children through taxation, in other words they have taken the £28 Billion (plus growth making maybe £38 Billion) and made our children pay that back over the coming decades.
What are the Government up to now with the Fire Service Pensions? Nothing good from what I can see; the fitness requirement for the officers will be greatly reduced enabling them to work well into their 60s at risk to their own health. Does that mean that officers will no longer be able to carry collapsed people out of burning buildings or will they have heart attacks themselves trying to do it?
Whatever the Governments ‘pension reform’ means in this case I would not be surprised if smoke and mirrors are the Government’s primary consideration and not us and our house fires.