ROYAL Mail workers will have their pensions slashed unless they work five years longer under secret plans revealed by the Mirror today.
The age staff could retire with full pensions would be raised from 60 to 62 next year and 65 from 2010.
Future rises in pensionable pay would be capped at the inflation rate.
Lump sum payments would also be hit. A worker aged 50 today with 30 years' service could have expected a one-off payment of £29,826. This would be cut to £25,515.
Future rises in pensionable pay would be capped at the inflation rate.
Lump sum payments would also be hit. A worker aged 50 today with 30 years' service could have expected a one-off payment of £29,826. This would be cut to £25,515.
Senior management would be unaffected.
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