Event Resources & Campaigns
About Us
We want the government to support us in our campaign for Pre 97 pension justice. The pension reforms underway must help deliver pension justice for Pre 97 pensioners and their survivors.
What We Ask
Restore first. Extract after.
Public sector pensions have received indexation since 1971. Private sector pensioners who earned their pensions before 1997 deserve the same protection.
1. Restore pre-97 pensions to their true value
Use surplus to bring frozen pensions back to the level they would be at had inflation increases been paid all along.
2. Delay buy-in and buy-out until pensions are restored
Once a scheme passes to an insurer, the chance to put things right is gone.
3. Index pre-97 pensions from now on
Every solvent scheme should pay increases on pre-97 service, as most already do.
Why This Matters
of defined benefit schemes give no regular increases on pre-97 pensions.
Prices have roughly doubled since 1997. A frozen pension buys about half what it did.
major companies' schemes are represented in the Alliance.
major companies' schemes are represented in the Alliance.
Years Without an Increase
Thirteen schemes. Thirteen household names. Years without an increase on pre-97 pensions, counted from 2002 unless stated.
| Rank | Company | Years Frozen |
|---|---|---|
| 1 | Nissan |
24
|
| 2 | Wood Group |
23
|
| 3 | Hewlett Packard Enterprise (HPE) |
22
|
| 4 | NCR Scotland (Atleos) |
22
|
| 5 | STMicroelectronics |
21
|
| 6 | Atos/Sema |
20
|
| 7 | American Express |
19
|
| 8 | AIG |
18
|
| 9 | Pfizer |
16
|
| 10 | 3M |
16
|
| 11 | Johnson & Johnson From 2014 |
11
|
| 12 | Lloyd's Register From 2016 |
9
|
The Pension Schemes Act 2026 The Act opens the “exit” door to surplus. Not to justice. The Pension Schemes Act 2026 makes it easier for employers to take surplus out of healthy schemes, and signposts the route to buy-in and buy-out. Money can flow back to the company while the people who earned it watch their pensions shrink.
What You Can Do
Contact Your MP
Ask them to help us ensure the legislation delivers the justice we are asking for.
Write To Your MPCheck Out Our Resources
Find out more about the parliamentary event and how to get involved.
Event Resources & CampaignsContact And Support Us
Donate
There are two ways you can donate:
Bank Transfer
Account Name
Hewlett Packard Pension Association
Account Number
42810452
Sort Code
23-05-80
PayPal or Card
Donate using PayPal, debit card or credit card.
You don't need a PayPal account to donate by card.
Donate with PayPal ↗