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In pension terms, that's peanuts.
In pension terms, 2012 promises to be as eventful as 2011.
Unite has recently been working with the government on new civil service pension terms for 2015.
The issue is particularly sensitive as university staff are preparing to strike over efforts to impose less generous pension terms.
"The company has no record of whether any specific questions were raised about the pension terms by Lord Myners," RBS said.
Spending cash straight away looks a lot more fun (see chart 2).This is a shame, in pension terms, because of the miracle of compound interest.
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Life insurance "Pension term assurance" - life policies with relief on premiums - to end as it is seen as a tax loophole.
In yesterday's pre-budget report it was announced that pension term assurance (PTA) - a form of life cover benefiting from tax relief similar to that of pensions - was to be reviewed ahead of next year's budget.
But it also wanted workers to accept cuts in pay and pensions terms, inherited from better times under BP management.
Lufthansa said that the strike, over changes to retirement and pensions terms, would hit profits and its image.
They have already accepted long-term pay restraint and changes to their pension and terms and conditions.
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