Pensions For Everyone

Our “Pay & Pensions” campaign has four goals agreed by members:
· Pay:
1. A fairer pay system
2. More money for employees
· Pensions:
3. Defend the ICL DB pension scheme
4. Improve pension provision for those with something worse
A lot of the material for our campaign has focused on points 2 and 3. This article explores point 4.

The majority of Fujitsu Services’ UK employees are not in the ICL DB pension plan. Some are in other good “defined benefit” schemes, several thousand are in the “FJ UK” Defined Contribution scheme and a significant minority have no company pension at all.
The main current concern for those in other defined benefit schemes is to ensure that the company doesn’t get away with closing the ICL DB plan – this would be a significant setback for the company strategy to exit all its Defined Benefit plans.
But what about those already in the FJ UK scheme or who have no company pension at all?
Ideas for improvement could include:
An additional non-contributory element to the FJ UK DC plan, particularly to help those who feel they cannot afford the employee contributions and are therefore not in any pension scheme
Putting the company NI saving from Salary Swap into the individual’s DC fund within the FJ UK plan
Risk reduction for the individual, for example by requiring extra company contributions in certain circumstances (e.g. if investment returns were particularly bad)
Higher company contributions

What improvements would you like to see?

Posted in news

Unite members across Fujitsu Services Limited in the UK have been taking industrial as part of their dispute over jobs, union recognition, pay and pensions. Action from 28 February has included 15 days of strikes and ongoing action short of strike.

INDUSTRIAL ACTION IS CURRENTLY SUSPENDED but members have voted by 92% to reject a company offer and renewed campaign plans are being made.

The national dispute follows the resolution of a local dispute in Manchester which included 12 strike days.

Further information is available here including events, pickets, a downloadable appeal for support leaflet and how to donate to our strike fund.

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