Detective Constable jailed for PtCoJ over speeding ticket
Discussion
Red,
I agree, and I'm no Union apologist. A pension, especially a final salary one, was once a gold plated vision of a comfortable future but it could become a threat to hang over a workforce, of nightmarish proportions. The more the workforce has become dependent on it, the more it stands to lose if the authority of those who can yank the chain or pull the rug from under one's feet is disproportionally and unfairly increased.
I agree, and I'm no Union apologist. A pension, especially a final salary one, was once a gold plated vision of a comfortable future but it could become a threat to hang over a workforce, of nightmarish proportions. The more the workforce has become dependent on it, the more it stands to lose if the authority of those who can yank the chain or pull the rug from under one's feet is disproportionally and unfairly increased.
Elroy Blue said:
The lump sum is no longer anywhere near that since the pension changes were made. Fact!
It depends when you are due to retire but if you retired today with 30 years service as a Constable, depending on your age, it is circa £130k.Salary - £37k, Pension £24k ish, Commutation 25% = £6000 x commutation factor of 22 (age dependant)
£6000 x 22 = £132,000. You'd pay a bit of tax on that.
The future is bleak, however.
Edited by Red 4 on Wednesday 17th December 15:48
Red 4 said:
HOWEVER - plans are afoot to change this. When an officer is dismissed (and this includes simply on a discipline without a criminal conviction) the case will be referred to the PCC and they will decide !!! Shocking really and just another kick in the plums for those still serving.
The innocent have nothing to fear.Red 4 said:
Elroy Blue said:
The lump sum is no longer anywhere near that since the pension changes were made. Fact!
It depends when you are due to retire but if you retired today with 30 years service as a Constable, depending on your age, it is circa £130k.Salary - £37k, Pension £24k ish, Commutation 25% = £6000 x commutation factor of 22 (age dependant)
£6000 x 22 = £132,000. You'd pay a bit of tax on that.
The future is bleak, however.
Edited by Red 4 on Wednesday 17th December 15:48
Red 4 said:
It depends when you are due to retire but if you retired today with 30 years service as a Constable, depending on your age, it is circa £130k.
Salary - £37k, Pension £24k ish, Commutation 25% = £6000 x commutation factor of 22 (age dependant)
£6000 x 22 = £132,000. You'd pay a bit of tax on that.
The future is bleak, however.
That's the old scheme. Anybody who doesn't have protection is getting right, royally shafted.Salary - £37k, Pension £24k ish, Commutation 25% = £6000 x commutation factor of 22 (age dependant)
£6000 x 22 = £132,000. You'd pay a bit of tax on that.
The future is bleak, however.
Edited by Red 4 on Wednesday 17th December 15:48
TooMany2cvs said:
You mean "is on a similar basis to damn near everybody in the private sector, aka 'real world'"?
I'm surprised it took this long. Why don't you find the multitude of 'all public sector workers are parasites' threads doing the rounds and post there. You wanted a Police pension, you should have joined the Police. It's called CHOICE. You made yours, we made ours. You get the bonuses and company cars, we get assaulted, work s
t hours and have no industrial rights whatsoever. XCP said:
That is a very naïve view, if I may say so.
You may, and I would totally agree with you. However, this is the POV put forward by various authorities when attempting to increase the power of the state over the individual. The government/home office/police can't use it when it suits them but deny it when it doesn't.Greendubber said:
Dont i known it. My O/H is job and we're lookig at coming out of it and buying some property instead.
Which would probably be a bad move - even though the pension is not what it once was.Factor in risk, repairs, problem tenants, periods when the property is not rented out and compare to what you will get on your pension.
New entrants to the police may wish to opt out - for a multitude of reasons - but if you already have a reasonable amount of service then opting out of the 2015 isn't an option - and the govt. know it
Elroy Blue said:
Why don't you find the multitude of 'all public sector workers are parasites' threads doing the rounds and post there.
Because it's not a position I believe in the slightest.Elroy Blue said:
You get the bonuses and company cars
It might surprise you to know that that's quite a long way from being the entirety of the private sector...Elroy Blue said:
we get assaulted, work st hours
Odd. I'd have thought that, doing the job you do, you'd have attended quite a few assaults on people just trying to get on with their private sector jobs, too...t hoursElroy Blue said:
and have no industrial rights whatsoever.
Since the Police Federation is one of the most powerful unions in the country, I presume you mean the illegality of a police strike? You've been in the force for more than 95 years? Or is it something you were well aware of when you joined?TooMany2cvs said:
Since the Police Federation is one of the most powerful unions in the country, I presume you mean the illegality of a police strike? You've been in the force for more than 95 years? Or is it something you were well aware of when you joined?
I also knew that I would be sacrificing my immediate earning potential in exchange for a half decent pension to compensate for the poor hours and working conditions. I mean, as I am represented by 'one of the most powerful unions in the country' (funniest thing I've read in a while) , what could possibly go wrong...oh hang on!Elroy Blue said:
I also knew that I would be sacrificing my immediate earning potential ...
Mmm. So badly paid, when a constable half-way up the scale is earning more than the national average...http://www.policeoracle.com/pay_and_conditions/pol...
And if you think the Federation's "toothless", you ought to see the unions that represent the vast majority of private sector staff. Clue: They don't exist.
Don't get me wrong - I'm actually on your side here, broadly speaking. But sometimes a dose of wake-up about the reality of "the other side" seems appropriate. The police pay and benefits package is still generous, if not quite as gold-plated as it used to be. In case you hadn't noticed, the Gov't (your employer, ultimately) seems to not be rolling in cash at the moment.
Edited by TooMany2cvs on Thursday 18th December 13:55
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