NUJ and BECTU to ballot members at AP over pensions
18 May 2012
The NUJ and BECTU are balloting their members at Associated Press following the press agency's decision to close its final salary pension scheme.
The company is now offering an inadequate defined contribution scheme in its place. NUJ and BECTU are campaigning for a fair and decent pension provision for all.
A statement from NUJ officials Laura Davison and David Ayrton said:
"The company is in danger of rendering the consultation meaningless by its refusal to extend the consultation period beyond the legal minimum. More time is needed to enable the constructive proposals put forward by the NUJ and BECTU to be fully explored."
Members in the final salary (defined benefit) schemes stand to suffer significant financial detriment in retirement if the changes are made, while the defined contribution scheme being offered does not even meet the recommended level for a decent pension set by the charitable Pensions Policy Institute
The ballot for industrial action will close on 1 June 2012. The unions remain committed to reaching a settlement to the dispute and have said they are prepared to attend ACAS, the arbitration and conciliation service, to settle the matter.