public sector pensions
Author
Discussion

loltolhurst

Original Poster:

1,994 posts

201 months

Friday 30th October 2009
quotequote all
now i dont know a lot about pensions but im sure these are rather good - taken from the bbc pay review:

http://news.bbc.co.uk/1/shared/bsp/hi/pdfs/29_10_0...

employers contribution:

bbc 18.9%
civil service 19.4 %
teachers 14.1%
mps 23.1 %

so the bbc are going to pay senior managers less does this mean the licence fee will go down - oh no....

i started reading the rest of the report but wanted to vomit so am going to bed!




F i F

47,009 posts

268 months

Friday 30th October 2009
quotequote all
These are the sort of % which employers of defined benefit schemes are having to put in to keep the things alive even if new members are no longer allowed.

Must admit that the MPs one sticks in my craw, 23% won't even begin to cover their benefits, I think even if you double it wouldn't be enough.

Dunk76

4,350 posts

231 months

Friday 30th October 2009
quotequote all
Blimey, and I thought the 5% contribution my employer makes is generous

briSk

14,291 posts

243 months

Friday 30th October 2009
quotequote all
Dunk76 said:
Blimey, and I thought the 5% contribution my employer makes is generous
..but i bet that's to a defined contribution scheme.

what we're talking about here is defined benefit. not a cat in hell's chance even these (high) contributions will be enough to actually pay these cushy pensions...

nonegreen

7,803 posts

287 months

Friday 30th October 2009
quotequote all
There is no such thing as the teachers pension fund. It is virtual, ie the gummint do not contribute at all and the 6% the teachers contribute is just a discount of their salary bill for gordon. The gummint then just pay the pensions out of the coffers. Thats one of the reasons we are in the st. Maths is obviously not a serious subject for politicians.