TfL Pension Fund Under Threat
TfL management are proposing to make £4.2 billion of cuts across LUL – £600 million ofthese savings could be made by slashing your pension rights. Management want you to pay more for less.
- They want to increase pension contributions which means less take home pay
- They want to reduce your benefits which means you will have to work longer for lessbenefits
- They want to close the fund to new entrants – which means the whole fund and thecherished final salary pension will be under threat
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