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TUC to defend pension cuts

The TUC says it will fight pension cuts in companies that can afford to fund deficits, have taken contribution holidays or who allow directors to continue with the same benefits.
In response to the recent closure of Rentokil’s final salary scheme to future accrual for current staff, as well as proposed scheme changes at Co-op and Arcadia, TUC general secretary Brendan Barber says he will defend his members rights.
Barber says: The death of salary related pensions is much exaggerated, and unions have a proud record in defending and extending pension rights.

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