Archives of regular monthly message from Nautilus general secretary, also published in each edition of the Telegraph on the Welcome page.
Nautilus general secretary Mark Dickinson considers the importance of saving for retirement – and explains how the Union is working to ensure members have the best possible pension…
With the financial year drawing to an end at work, my thoughts often turn in April to personal financial planning and pensions. Saving for retirement is too often our lowest priority, but for most of us - unless we are banking on winning the lottery - it should be one of our greatest concerns.
As we are all living longer, we need to think more carefully about retirement planning, and it's never too early to start. Research suggests that 12% to 20% of our earnings need to be saved each year to achieve a decent income in retirement.
At Nautilus we work in many ways to ensure that all our members have access to a decent pension. We participate in industry pension schemes and continuously press employers to provide good quality pensions for members. But that job isn't helped by employers who have no interest in securing a decent retirement for their seafarers, or by governments who seem intent on undermining the pension rights of their citizens.
In the Netherlands, we joined the country-wide FNV Pension Action Day on 18 March, calling for a fair pension for everyone at a time when the Dutch government is seeking to cut pension costs. We believe that in a country like the Netherlands, everyone should be able to stop work at a reasonable time of life and be able to count on a decent income.
One of the key issues in NL is the rapidly increasing state pension age and the financial penalty for 'early' retirement (a particularly relevant issue for seafarers and those working in inland waterways, as these are tough jobs where you can't continue into old age). We are now joining the call for a freeze on the state pension age.
In the Netherlands, we joined the FNV Pension Action Day in March to campaign for a fair deal in the face of government cuts Nautilus general secretary Mark Dickinson