11 May 2012
To further strengthen our campaign, PCS urges all members to take the quick survey and share their personal response to the pensions swindle.
“I feel extremely let down, bitter, disappointed and angry. To have the goal post moved mid way through a career. these are not the terms and conditions I signed up to. I have honoured my side of the agreement the government should honour theirs. The pension I have being paying for up until now, has in effect been part of my pay that I have trusted the government to manage on my behalf but is now been taken away to pay for their mistakes.”
“It feels like theft. Due to the increased pension costs which I will pay, the costs of changing to CPI and the difference of retiring at 60 than 68 is £73419.06 if I live till 80. I earn £17882 a year now. So more than four years of wages. I will be working for a significant part of my 60s for nothing.”
Hundreds of civil servants have also accessed our pensions calculator to see for themselves the amount they are set to lose under the government's changes. Like the individuals quoted here, many feel strongly enough to complete our survey and share their anger and dismay.
The survey also captures people’s reaction to the increase in retirement age, with 83.3% agreeing they would support a campaign against the increase in retirement age.
On participant said: “The increase to the retirement age, if anything, hurts more than the increase in contributions. I don't expect to be a wealthy pensioner, but we work hard in the hope of at least being able to enjoy a relatively long and comfortable retirement. My family has a history of heart disease and dying relatively young. With the retirement age seemingly going up quicker than my own age, I genuinely fear that I will not live long enough to reach retirement! If that happens, my pension contributions will count for nothing at all.”
Another wrote: “I joined the civil service believing I would work 38 years before retiring. Now with 10 years service I have 36 years left. Will I get to retire at all?”