Teachers to strike over public sector pension changes
Discussion
Mojooo said:
IBSPSTTUTSTGLOHAYATHABC
(In before some private sector t
t turns up and says they have loads of holidays a year and have a bloody cheek)
Nah I just think that if teachers were any good the nation wouldn't have got it's self saddled with such debt, and if it did everybody would understand why.(In before some private sector t
t turns up and says they have loads of holidays a year and have a bloody cheek)
Deva Link said:
Yep - we're all living longer so to make old age even more miserable, everyone will be dragged down to the same level. Except politicians, presumeably. And bankers.
This has always struck me as a rather difficult scenario - as more people live longer and claim pensions you require an increased number of people still working to pay for it in extra tax or you insist that people work until a later age to compensate. I wonder at what point this becomes unfeasible. Of all the debates you hear this seems one that seems conspicuously under-discussed by all parties.B3njamin said:
I wonder at what point this becomes unfeasible.
It's a matter of spending choices - pensions would be easily affordablee if less was spent on other things.People moan that Wales has free prescriptions - but that's a spending choice they made. To pay for it they're making doctors and nurses redundant.
Deva Link said:
It's a matter of spending choices - pensions would be easily affordablee if less was spent on other things.
People moan that Wales has free prescriptions - but that's a spending choice they made. To pay for it they're making doctors and nurses redundant.
No pensions are not easily affordable, its not about spending, the cost should not come from tax revenue. The pensions should come from contributions from those that will benefit. End of.People moan that Wales has free prescriptions - but that's a spending choice they made. To pay for it they're making doctors and nurses redundant.
There was a news report saying that out of the current generation of 16 year olds, 1/5 will reach 100.
Soon it will be at least 1/5 of the population living on 35 years of pensions from a working time of 39 years.
To make this feasible they would need to put in what they want to take out each year.
This can't continue.
Soon it will be at least 1/5 of the population living on 35 years of pensions from a working time of 39 years.
To make this feasible they would need to put in what they want to take out each year.
This can't continue.
elster said:
There was a news report saying that out of the current generation of 16 year olds, 1/5 will reach 100.
Soon it will be at least 1/5 of the population living on 35 years of pensions from a working time of 39 years.
To make this feasible they would need to put in what they want to take out each year.
This can't continue.
EUTHANASIAAAAAA!!!Soon it will be at least 1/5 of the population living on 35 years of pensions from a working time of 39 years.
To make this feasible they would need to put in what they want to take out each year.
This can't continue.
My wifes a teacher.
Were both happy with respect to career average change going forwards makes total sense to ensure that there is a form of final salary come retirement.
I myself am going through a change from final salary proper changing to career average. Now sure it's a decrease in benefits - and I'm going to have to pay more. However the alternative offer was defined contribution ... No brainer really.
The thing is what most dint realise is that a change from final salary proper to career average is really going to hit the highest earners who have big promotions. When that happens in a normal final salary it's the remainder who are in effect funding it. This way it's much fairer.
I'd love the state pension scheme to start now with individual accounts so you build up a pot and whatever i've earned to date to be calculated and then added to the pot. At that point the defecit would be fully known and then a plan can be built to increase tax or something which over time would solve the big hole thus ponzi scheme solved.
Were both happy with respect to career average change going forwards makes total sense to ensure that there is a form of final salary come retirement.
I myself am going through a change from final salary proper changing to career average. Now sure it's a decrease in benefits - and I'm going to have to pay more. However the alternative offer was defined contribution ... No brainer really.
The thing is what most dint realise is that a change from final salary proper to career average is really going to hit the highest earners who have big promotions. When that happens in a normal final salary it's the remainder who are in effect funding it. This way it's much fairer.
I'd love the state pension scheme to start now with individual accounts so you build up a pot and whatever i've earned to date to be calculated and then added to the pot. At that point the defecit would be fully known and then a plan can be built to increase tax or something which over time would solve the big hole thus ponzi scheme solved.
Welshbeef said:
My wifes a teacher.
Were both happy with respect to career average change going forwards makes total sense to ensure that there is a form of final salary come retirement.
I myself am going through a change from final salary proper changing to career average. Now sure it's a decrease in benefits - and I'm going to have to pay more. However the alternative offer was defined contribution ... No brainer really.
The thing is what most dint realise is that a change from final salary proper to career average is really going to hit the highest earners who have big promotions. When that happens in a normal final salary it's the remainder who are in effect funding it. This way it's much fairer.
I'd love the state pension scheme to start now with individual accounts so you build up a pot and whatever i've earned to date to be calculated and then added to the pot. At that point the defecit would be fully known and then a plan can be built to increase tax or something which over time would solve the big hole thus ponzi scheme solved.
Career averagee isnt affordable either, unless contributions are increased further.Were both happy with respect to career average change going forwards makes total sense to ensure that there is a form of final salary come retirement.
I myself am going through a change from final salary proper changing to career average. Now sure it's a decrease in benefits - and I'm going to have to pay more. However the alternative offer was defined contribution ... No brainer really.
The thing is what most dint realise is that a change from final salary proper to career average is really going to hit the highest earners who have big promotions. When that happens in a normal final salary it's the remainder who are in effect funding it. This way it's much fairer.
I'd love the state pension scheme to start now with individual accounts so you build up a pot and whatever i've earned to date to be calculated and then added to the pot. At that point the defecit would be fully known and then a plan can be built to increase tax or something which over time would solve the big hole thus ponzi scheme solved.
Welshbeef said:
My wifes a teacher.
Were both happy with respect to career average change going forwards makes total sense to ensure that there is a form of final salary come retirement.
I myself am going through a change from final salary proper changing to career average. Now sure it's a decrease in benefits - and I'm going to have to pay more. However the alternative offer was defined contribution ... No brainer really.
The thing is what most dint realise is that a change from final salary proper to career average is really going to hit the highest earners who have big promotions. When that happens in a normal final salary it's the remainder who are in effect funding it. This way it's much fairer.
I'd love the state pension scheme to start now with individual accounts so you build up a pot and whatever i've earned to date to be calculated and then added to the pot. At that point the defecit would be fully known and then a plan can be built to increase tax or something which over time would solve the big hole thus ponzi scheme solved.
Career average isnt affordable either, unless contributions are increased further.Were both happy with respect to career average change going forwards makes total sense to ensure that there is a form of final salary come retirement.
I myself am going through a change from final salary proper changing to career average. Now sure it's a decrease in benefits - and I'm going to have to pay more. However the alternative offer was defined contribution ... No brainer really.
The thing is what most dint realise is that a change from final salary proper to career average is really going to hit the highest earners who have big promotions. When that happens in a normal final salary it's the remainder who are in effect funding it. This way it's much fairer.
I'd love the state pension scheme to start now with individual accounts so you build up a pot and whatever i've earned to date to be calculated and then added to the pot. At that point the defecit would be fully known and then a plan can be built to increase tax or something which over time would solve the big hole thus ponzi scheme solved.
rich1231 said:
No pensions are not easily affordable, its not about spending, the cost should not come from tax revenue. The pensions should come from contributions from those that will benefit. End of.
That's fine - increase public sector employees salaries and then take the increase back off them as pension contributions. Same deal as buying private sector employess out of their company cars.What really is unaffordable is paying the cost of keeping people who make no provision at all for their retirement and rely entirely on benefits.
Unfortunately I doubt many public sector workers will get any kind of final salary pension when they retire. Career average or reduced final salary. None of them are sustainable.
Public sector workers would be better off fighting for a good defined contribution scheme now, rather than this 'maintain a final salary at all costs race to the finish line' tactic.
Public sector workers would be better off fighting for a good defined contribution scheme now, rather than this 'maintain a final salary at all costs race to the finish line' tactic.
Edited by el stovey on Sunday 24th April 12:29
Deva Link said:
Yep - we're all living longer so to make old age even more miserable, everyone will be dragged down to the same level. Except politicians, presumeably. And bankers.
There was an article the other day about how rapidly life expectancy is changing. In one year alone it rose by about 40 days if I remember rightly.Unfunded public sector pension liabilities are topping £1 trillion. If the public sector wants to retire on a final salary pension scheme they need to work longer and contribute more. The status quo leads only to national bankruptcy.
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