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Tunnel to open in next strike
 

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The row is over the 85-year rule, which allows public sector workers whose age and years served add up to 85 to retire with full rights at 60 instead of 65.

Unions claim that despite the disruption, they have widespread public backing.

Mr Gregson said: "There were people putting the toll money they hadn't spent in our collection buckets.

"People understand. Ten years ago, if you were talking about pensions you were probably the most unpopular and boring man in the room, but not these days."

Big day for pensions

NEW pensions regulations to encourage people to save more towards their retirement begin today.

The biggest overhaul of the rules governing pensions for 50 years aim to simplify pensions by replacing eight tax regimes with one set of rules.

Workers will now be able to save up to 100% of their salary each year up to a limit of £215,000 in 2006/2007.

A lifetime cap on the amount of pension saving that can qualify for tax relief is also being introduced, set at £1.5m this year.

Other changes will enable people to continue working for a company even after they are drawing their pension from it.

 
 

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