Tuesday, October 11, 2011

Letter: Bankers' bonuses

Thank you for reporting that nine out of 10 City bankers expect a bonus this year (Bankers' bonus expectations undented by crisis, 11 October). This sets an interesting example to us public servants who ? unlike the bankers ? are obviously deemed responsible for the financial crisis, since we have to make do with a pay freeze and now a raid by the Treasury on the cash in our pension funds.

Unlike a banker's bonus, my pension represents decades of my own saving for retirement as part of a scheme that is secure, affordable and financially viable. Yet, if the government has its way, I shall have to pay more and wait longer to receive less when I retire to help deal with a deficit caused by those still salivating in anticipation of unearned bonuses. Thankfully you also report that there is something I can do about this, by voting for industrial action to protect public service pensions (Unison ballots 1m workers on strike action, 11 October).
Jon Rogers
Branch secretary, Lambeth Unison


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Source: http://www.guardian.co.uk/business/2011/oct/11/bankers-bonuses-public-service-pensions

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