Unsustainable public sector pensions
Discussion
crankedup said:
Don't even think about it, well known fact two sisters or two Bro's come at completely opposite ends of the spectrum, chalk and cheese was the saying! Nice idea though 
This must have been asked a thousand times, but I have yet to read it in here :
Why is the Government not reining in the public sector pension provision, at least to new employee's?
Public sector / Union outcry?This must have been asked a thousand times, but I have yet to read it in here :
Why is the Government not reining in the public sector pension provision, at least to new employee's?
sidicks said:
crankedup said:
Don't even think about it, well known fact two sisters or two Bro's come at completely opposite ends of the spectrum, chalk and cheese was the saying! Nice idea though
This must have been asked a thousand times, but I have yet to read it in here :
Why is the Government not reining in the public sector pension provision, at least to new employee's?
Public sector / Union outcry?This must have been asked a thousand times, but I have yet to read it in here :
Why is the Government not reining in the public sector pension provision, at least to new employee's?
sidicks said:
crankedup said:
Don't even think about it, well known fact two sisters or two Bro's come at completely opposite ends of the spectrum, chalk and cheese was the saying! Nice idea though
This must have been asked a thousand times, but I have yet to read it in here :
Why is the Government not reining in the public sector pension provision, at least to new employee's?
Public sector / Union outcry?This must have been asked a thousand times, but I have yet to read it in here :
Why is the Government not reining in the public sector pension provision, at least to new employee's?
crankedup said:
This must have been asked a thousand times, but I have yet to read it in here :
Why is the Government not reining in the public sector pension provision, at least to new employee's?
Why is the Government not reining in the public sector pension provision, at least to new employee's?
They are. The NHS scheme, for example, is in the process of changing for the 3rd time in 10 years.Sheepshanks said:
They are. The NHS scheme, for example, is in the process of changing for the 3rd time in 10 years.Surely not the move to CARE, which provides an increased accrual rate and earnings inflated at above inflation, which actually benefits the majority of workers (who don't get significant salary increases before retirement)...?!
Edited by sidicks on Tuesday 29th March 17:34
crankedup said:
This being the reason why the Government are so keen to chop Unions obviously.
It'll be one of the things (plus no doubt fblm's note - our leaders are incapable of leading by example). Unions can work if they operate as part of the system a la how German unions tend to. They seem to accept that Pyrrhic victories benefit no one.
Sadly our unions are generally full to the brim with chippy little gobs
te 70s entitled throwbacks... It's always a "them" and "us" and no one gets anything from the fkwittery that ensues. Murph7355 said:
crankedup said:
This being the reason why the Government are so keen to chop Unions obviously.
It'll be one of the things (plus no doubt fblm's note - our leaders are incapable of leading by example). Unions can work if they operate as part of the system a la how German unions tend to. They seem to accept that Pyrrhic victories benefit no one.
Sadly our unions are generally full to the brim with chippy little gobs
te 70s entitled throwbacks... It's always a "them" and "us" and no one gets anything from the fkwittery that ensues. It's funny that companies can see that final salary schemes aren't sustainable, even Tesco have cancelled their contribution based scheme, frozen what's in it, and started a new contribution based scheme, they told the employees they had no choice "tough" how come the government witters on about contracts, they can do as they like
Edited by Adrian W on Tuesday 29th March 20:13
crankedup said:
One of my Bro's was employed as a printer, worked for a small company of about thirty or so employee's He paid into the company pension scheme for decades, along with his co- workers. Retirement looming he was looking forward to his pension, then the company he worked for went bust. They took all of the pension fund with them and then promptly started s new company doing the same work of course. Directors of new company were wives of the previous company directors IIRC. All this was around 15 years back or so. I expect they came up with this little wheeze having seen how Maxwell was so masterful at his thievery.
Moral of this tale, trust nobody with your cash except yourself and your decisions.
Not covered by the Pension Protection Scheme? My old company went bust at about the same time and my modest accrued pension was protected.Moral of this tale, trust nobody with your cash except yourself and your decisions.
sidicks said:
What changes are you referring to?
Surely not the move to CARE, which provides an increased accrual rate and earnings inflated at above inflation, which actually benefits the majority of workers (who don't get significant salary increases before retirement)...?!
For most NHS workers the overall difference is small, but they have to pay more and for longer.Surely not the move to CARE, which provides an increased accrual rate and earnings inflated at above inflation, which actually benefits the majority of workers (who don't get significant salary increases before retirement)...?!
Edited by sidicks on Tuesday 29th March 17:34
Anyway, I thought PHers believed that all public sector workers were routinely bumped up a couple of grades in their final years simply to bump up their pensions?
Public sector spending is in the product side of the GDP balance sheet, thus it can't also exist as an expense of our carefully measured budget. So don't worry it isn't an expense, it has all been taken care of by the free lunch wonders of modern econometrics. Again, no need to panic, it is all going to be just fine.
No honestly, really,
just fine.
Ooh kittens.
No honestly, really,
just fine.
Ooh kittens.
Edited by 010101 on Tuesday 29th March 21:37
nikaiyo2 said:
Interesting indeed, and something that I've outlined on here on numerous occasions, in most cases falling on deaf ears (at least from those in receipt of these pensions)!!Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff