Urgent talks are under way to avert a mass walkout on the railways in a growing row over pensions.
Tensions have risen over the Pensions Regulator’s demands that train companies and workers plug yawning deficits in their final-salary schemes.
“We will always seek to protect our members’ deferred wages and resolve any issues in the best way possible, based on their wishes.”
Pensions are deferred wages. Therefore we’d better include pensions in our calculations of wages, hadn’t we?
So, public sector, you underpaid are you?