BRITAIN: About half of the 7,000 employees will told they have to take a pension cut after the incompetent management loses money and government cuts services – @AceFinanceNews

#AceFinanceNews – July.14: Thousands of Post Office workers forced to take pension benefits cut

About half of 7,000-strong workforce to shift from final salary pension scheme to defined contribution scheme

About 3,500 Post Office workers are being forced to take a cut in pension benefits as the government-backed service tries to cut costs.

About half the Post Office’s 7,000-strong workforce is being forced to shift from a final salary pension scheme to a defined contribution scheme, a move that unions say could cut retirement benefits by 30% or even more in some cases.

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