Should pensions be performance related?

[nonegreen]

Obviously Gordon the one eyed idiot now thinks so as he is in hot persuit of Fred "the shred's" pension pot.

If he is succesful and grabs a large chunk of Freds pot then surely what should follow would be a thorough examination of the triumphs and failures of the civil service and politicians. Clearly as Brown has presided as chancellor over economic disaster then his pension pot should resemble a chamber pot.

Should this lead to teachers whose pupils fail to pass exams, or University course leaders whose students fail to get jobs losing their pensions.

Hmmmm that would certainly bring an end to Posh and becks studies, perhaps uncle Joe, I mean Gordon, is on to something here.

[Incorrigible]

nonegreen said:

Clearly as Brown has presided as chancellor over economic disaster then his pension pot should resemble a chamber pot.

I would love to see old Paxo ask Brown and Darling what percentage of their pension they should be allowed to keep bearing in mind the f up they've made of the place

[briSk]

surely none of it would matter if it was all DC and not DB. the 'better you are' the more you earn, the more you can choose to put in your pension...

[Skipppy]

The 'Final Salary' pension should be axed. Especially in the public sector.

[Zippee]

Skipppy said:

The 'Final Salary' pension should be axed. Especially in the public sector.

[digger_R]

All this talk about what 'should' be done amuses me, when are we going to get off our collective arses and do something about this shower of st.
Viva la revolution!



I'm off to make a brew and jump on the playstation

[elster]

digger_R said:

All this talk about what 'should' be done amuses me, when are we going to get off our collective arses and do something about this shower of st.
Viva la revolution!



I'm off to make a brew and jump on the playstation

You know I was listening to Loose Woomen in the early hours of this morning (there really is nothing else on at that time)

One of the birds on there said exactly that.

[mybrainhurts]

Given that Gordon Brown killed private pensions twelve years ago, it would be appropriate to remove his...

[Mr Whippy]

Zippee said:

Skipppy said:

The 'Final Salary' pension should be axed. Especially in the public sector.

This is the next bomb to go off, and will hurt us all quite nicely in the wallets for years to come!

FS > CARE would be ideal, and then close FS/CARE to new employees who just go DC.

Almost all the big co's have gone CARE/DC now, just waiting for the government to **realise** the problem and actually change it all. No doubt lots will complain, but the bulk of those will be the ones with HUGE benefits got from doing sod all!


It is probable that in future, bonuses for performance at the time will be allowed to be added to DC pension pots offset against declared income (salary sacrifice style)

NO way should benefits be promised for the future based on current performance, that just leads us to this problem here where someone who has cost us all billions will be rewarded from our pockets to the tune of £50k a month!


Dave

Edited by Mr Whippy on Friday 27th February 17:34

[Brown and Boris]

Not if all you are getting back is what you have paid in.

But if the company contribute out of their profits and you have screwed it up, perhaps the non-contributory element should be removed?