NHS Pensions

[dave_s13]

Well, I've just been informed the govmnt are going to enforce the following changes to my (already rather rubbish) pension.

- Increase my contributions by approx 1.5%
- Increase my working life by 5 years.
- Remove RPI indexing and replace with CPI indexing.
- Change from final salary to average earnings; potentially decreases my monthly pension payments by approx 50%

Now, I work on the "frontline".....grrr....I get paid an average wage (mid band 6) and won't be having a pay rise of any kind for 2 years, currently undergoing "restructuring".

At the present time, if I retired now I'd get about 14k/annum to live on, with the changes that'd be nearer 8k/annum and I'll be working longer.

Is it unreasonable for me to vote "yes" n a ballot for industrial action?

[Podie]

Get a private pension or move jobs.

[Happy82]

Podie said:

Get a private pension or move jobs.

[DonkeyApple]

It's just a shame money can't be clawed back from all those who are being massively overpaid since retiring far too early on far too much.

[Digga]

DonkeyApple said:

It's just a shame money can't be clawed back from all those who are being massively overpaid since retiring far too early on far too much.

I know a way.



We just need to bring the 'means' back from Afghanistan.

[grumbledoak]

Hmm. Do you realise that pay cuts have been a regular occurrence for at least five years in the private sector? And job losses? Or that you have a better pension provision than most, too?

Can't say I'm very sympathetic right now.

[nocarjames]

do what you want buddy, we have given up caring about your poxy public sector pensions, as long as they don't tax us anymore than they are doing now then I could not give a flying

[TSCfree]

dave_s13 said:

Well, I've just been informed the govmnt are going to enforce the following changes to my (already rather rubbish) pension.

- Increase my contributions by approx 1.5%
- Increase my working life by 5 years.
- Remove RPI indexing and replace with CPI indexing.
- Change from final salary to average earnings; potentially decreases my monthly pension payments by approx 50%

Now, I work on the "frontline".....grrr....I get paid an average wage (mid band 6) and won't be having a pay rise of any kind for 2 years, currently undergoing "restructuring".

At the present time, if I retired now I'd get about 14k/annum to live on, with the changes that'd be nearer 8k/annum and I'll be working longer.

Is it unreasonable for me to vote "yes" n a ballot for industrial action?

I'll swap your proposed changes for mine. I can't strike either

[WeirdNeville]

DonkeyApple said:

It's just a shame money can't be clawed back from all those who are being massively overpaid since retiring far too early on far too much.

Don't worry, my dad's done his bit by suffering a massive stroke. He'll only be claiming his pension for another few years tops. And what he does get he's ploughing back into the Health Service for his care.

We expect our doctors and nurses to take care of us - why shouldn't they expect to be treated fairly in retirement?
If all of the nurses move to the private sector for better remuneration, where will that leave the NHS?

[Elroy Blue]

dave_s13 said:

Well, I've just been informed the govmnt are going to enforce the following changes to my (already rather rubbish) pension.

- Increase my contributions by approx 1.5%
- Increase my working life by 5 years.
- Remove RPI indexing and replace with CPI indexing.
- Change from final salary to average earnings; potentially decreases my monthly pension payments by approx 50%

Now, I work on the "frontline".....grrr....I get paid an average wage (mid band 6) and won't be having a pay rise of any kind for 2 years, currently undergoing "restructuring".

At the present time, if I retired now I'd get about 14k/annum to live on, with the changes that'd be nearer 8k/annum and I'll be working longer.

Is it unreasonable for me to vote "yes" n a ballot for industrial action?

This is PH. Consequently you are a public sector parasite who should be immediately shot. Don't you know you contribute nothing to the economy and are a burden to all the fine private sector businesses. Cameron is doing just fine targeting working people, while the feckless workshy are given more benefits (can't attack 'the poor', it annoys the Lib Dems) and the very rich become even more creative on ways to avoid tax. The 'private sector' fans on here will ignore all the years they made hay while the public sector stagnated (didn't hear them wanting the same working conditions then). You earn too much, get too big a pension and should now go away and die as quickly as possible, thereby not being a burden on them

I don't hold out much hope that this thread will go the way you anticipated (from a fellow Public sector parasite )

Edited by Elroy Blue on Wednesday 21st September 14:22

[Podie]

grumbledoak said:

Hmm. Do you realise that pay cuts have been a regular occurrence for at least five years in the private sector? And job losses? Or that you have a better pension provision than most, too?

Can't say I'm very sympathetic right now.

Must admit that was my sentiment.

[DonkeyApple]

dave_s13 said:

Well, I've just been informed the govmnt are going to enforce the following changes to my (already rather rubbish) pension.

- Increase my contributions by approx 1.5%
- Increase my working life by 5 years.
- Remove RPI indexing and replace with CPI indexing.
- Change from final salary to average earnings; potentially decreases my monthly pension payments by approx 50%

Now, I work on the "frontline".....grrr....I get paid an average wage (mid band 6) and won't be having a pay rise of any kind for 2 years, currently undergoing "restructuring".

At the present time, if I retired now I'd get about 14k/annum to live on, with the changes that'd be nearer 8k/annum and I'll be working longer.

Is it unreasonable for me to vote "yes" n a ballot for industrial action?

Current Fleet

Volvo V70 D5 SE

Ford Focus 2.0 Zetec 3dr

Honda Super Blackbird CBR1100xx

Previously Owned

BMW 540i Touring E39

Toyota MR2 Rev 3 Turbo

Saab 9-5 Aero HOT Estate Manual

Renault Clio 1.2 grande

Rover 214 spec

Peugeot 405 1.9D

Volkswagen Passat 1.9TDI 130 Sport

Ford Orion 1.6 Ghia

Fiat Bravo 1.4

Citroen C2 GT

Rover 216 1.6iS

BMW 5 Series (e39) 528 touring

Mazda mx5 1.8S

Nissan 200sx 1.8 Turbo

Toyota MR2 Mk1 1600cc Coupe

Opel Manta GTE

MINI Mini 30 Anniversary Edition

Audi A6 Avant 2.6 SE Auto

Peugeot 405 1.9Td Estate

Alfa Romeo 156 SW 2.4JTDm Veloce

[dave_s13]

But we all opt out of the NHS pension on droves then the system collapses and that would likely be worse in the longer term?

For the record the NHS pension scheme is running in the black and forecast to continue in this way.

I'm trained to degree level to do a specific job. I could fack it all off and go private, but I don't want to. I'm not motivated by money tbh, not to the degree of your usual PH co director anyway. I just don't like the idea of these govmnt cnunts just moving goalposts with no consultation or negotiation.

[Podie]

What's the relevance of his car history? It's not as if he's got a garage full of supercars, is it?

[jagracer]

dave_s13 said:

Now, I work on the "frontline".....grrr....I get paid an average wage (mid band 6) and won't be having a pay rise of any kind for 2 years, currently undergoing "restructuring".

Mid band 6 is hardly average, it's quite a way above it and as for the restructuring, my wife's hospital does this every 6 months or so, she's applied for her own job more times than I've had jobs, welcome to the real world of work.

[Podie]

dave_s13 said:

I just don't like the idea of these govmnt cnunts just moving goalposts with no consultation or negotiation.

Sorry chap, but welcome to the real world. It's st, but it's the way it works.

If you don't like it, do something about it. Personally, I have no time for people who strike - hence my initial reply.

[dave_s13]

DonkeyApple said:

Current Fleet

Volvo V70 D5 SE

Ford Focus 2.0 Zetec 3dr

Honda Super Blackbird CBR1100xx

Previously Owned

BMW 540i Touring E39

Toyota MR2 Rev 3 Turbo

Saab 9-5 Aero HOT Estate Manual

Renault Clio 1.2 grande

Rover 214 spec

Peugeot 405 1.9D

Volkswagen Passat 1.9TDI 130 Sport

Ford Orion 1.6 Ghia

Fiat Bravo 1.4

Citroen C2 GT

Rover 216 1.6iS

BMW 5 Series (e39) 528 touring

Mazda mx5 1.8S

Nissan 200sx 1.8 Turbo

Toyota MR2 Mk1 1600cc Coupe

Opel Manta GTE

MINI Mini 30 Anniversary Edition

Audi A6 Avant 2.6 SE Auto

Peugeot 405 1.9Td Estate

Alfa Romeo 156 SW 2.4JTDm Veloce

haha....wtf??

I currently drive an X reg focus that my dad gave me, a 1997 Honda for a bit of fun at the weekend and an 11yr old Volvo V70 for lugging the family about.

[dave_s13]

Podie said:

Sorry chap, but welcome to the real world. It's st, but it's the way it works.

If you don't like it, do something about it. Personally, I have no time for people who strike - hence my initial reply.

If we all "did something about it" you'd have no nurses, no physios, no OT's, no district nurses etc etc etc. It's not like any of the health professions are minted. The wage is decdidely average, the reason being that it's propped up to a degree by the T&C's....which are disappearing.

[Podie]

dave_s13 said:

Podie said:

Sorry chap, but welcome to the real world. It's st, but it's the way it works.

If you don't like it, do something about it. Personally, I have no time for people who strike - hence my initial reply.

If we all "did something about it" you'd have no nurses, no physios, no OT's, no district nurses etc etc etc. It's not like any of the health professions are minted. The wage is decdidely average, the reason being that it's propped up to a degree by the T&C's....which are disappearing.

Is the way the system works your problem? No. Walk away, earn more going private. If enough move, the system wont collapse it will change - and potentially for the better.

That isn't the only option. Have you taken IFA, or investigated private pension options?

All I'm getting from you is that something is changing and you're not happy, but you don't want to do anything about it!

[DonkeyApple]

Podie said:

What's the relevance of his car history? It's not as if he's got a garage full of supercars, is it?

It's actually quite pertinant from a financial planning perspective.

Very crudely, it looks like it's a car history of around 30+ years. 22 cars over this period. This is a crude average of one every 18 months/2 years.

Some of the cars seem good spec, some will have had relatively high running costs. There may even have been finance involved at some point. Obviously there is depreciation.

We live in a free country and we are free to chose whether we spend what we earn today or whether we save more for our future. We all know that we are supposed to be living longer and we all know that the cost of living is rising.

It's a lifestyle choice that we are all wonderously free to make because we live in a brilliant country.