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R K

Rbs Cap Pension Rises At 2%

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No link as yet........

The poor get poor, the rich get rich, that's how it goes, everybody knows.

Edit: http://news.sky.com/skynews/Home/Business/..._Move_Body_Blow

RBS is planning to cap increases in the pensions of over 60,000 workers to 2% in what union leaders have called a "body blow" to staff.

The bank announced a series of proposed changes to its main final salary pension schemes.

These included limiting the amount of salary increases that can be paid into a pension to 2% annually or the rate of inflation, whichever is lower, and reducing the lump sum payable on early retirement.

The Unite union said that against the backdrop of the "bumper" pension paid to former RBS boss Sir Fred Goodwin, the planned changes added "insult to injury".

Better get used to living on rice and beans.

Edited by For no one

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Better get used to living on rice and beans.

Aleast they still have a final salary pension, even if increases up to retirement are limited to 2%pa!

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Aleast they still have a final salary pension, even if increases up to retirement are limited to 2%pa!

It's still corporate fascism.

Where do we all end up if there are no pensions and few decent salaries (apart from for the Giant Squids and Fred Goodwins of the world and their owned politicians and regulators)?

It may be shadenfreud for a couple of years for the youngsters who think they're "winning" but longer term it means poverty for all.

Global fascism = global poverty for all except those able to holiday at Rothchild's villa in Corfu and their mates. That won't include you or I.

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Guest KingCharles1st

This is really going to go down well- wait till "The Guv's" back before sliding it out for one of his spokesmen to defend.

"How to alienate the people wh oare stupid enough to put up with the shit you dish out because they feel they are progressive middle class.."

:blink::blink::blink:

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