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Public servants might not be able to afford life insurance

Date: 18 Feb 05 Analysis

Public sector workers are facing poverty in retirement, union leaders have warned.

The government wants to raise the retirement age with anyone unwilling to work beyond 60 likely to face a financial penalty.

Union bosses are opposed to the move, which they have described as "work 'til you drop".

There is genuine concern that without a full pension to fall back on many public servants, who can't afford long-term investments like life insurance, will find it difficult to survive when they retire.

The government is facing a damaging dispute over its plans with just months to go before an election.

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