What a mean minded post. Out of interest, do people in the private sector take a cut in the interests of their employer or in the interest of saving their job and because they have no other choice.
I don't see how that post was "mean-minded" but if it read like that I am sorry. I hope you can see that a job, pension and a 5% cut is far better than no job, no pension and a 4% cut. I am not belittling the cut the PS took, but I do believe it should be put in context.
The interests of the business and my personal interests of keeping a job are generally the same thing. If the business doesn't do well, I don't get paid ( has happened numerous times this year and for weeks at a time) or worse, we close and I'm out of a job.