The bad stuff will be mostly at public sector workers. He's actually got some good news he can repeat about pensions, in the future.
http://www.ft.com/cms/s/0/e125b276-8fed ... z2NvglPhqe
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Mr Osborne’s windfall will come from the small print of the plan to introduce a single-tier pension at a minimum of £144 a week in 2016-17. The chancellor said on Sunday the new pension would be a “huge boost” for pensioners but did not add that associated changes would see steep rises in national insurance bills for employers and employees in final salary pension schemes. This was confirmed on Monday in a written statement by Lord Freud, the minister for welfare reform.
So generation that includes loads of people with very good pensions get a rise of, in the case of a single pensioner getting the basic pension now, £37 a week in 3 years (basic is £107 now). Sound public finances there. Poorest pensioners get a rise of £1.50 in 3 years. Fairness and all!