Transport bosses given gold-plated pensions

The TSSA union have exposed a pensions bonanza for transport bosses, at a time when massive hikes in fares are being imposed on many routes. FirstGroup, the biggest bus operator in the UK, will be paying Sir Muir Lochhead £325,000 a year when he retires this Spring .

At Arriva, the third biggest bus operator in the UK, David Martin will pick up £366,000 a year when he retires. (He also banked nearly £5 million when the firm was taken over by Deutsche Bahn)