Public sector monster needs to be tamed

donaldtramp

http://www.telegraph.co.uk/comment/t...-be-tamed.html
A choice quote,

A monster has been created which will have to be tamed – the economic crisis makes that inevitable. The state sector has unfunded pension liabilities of £650 billion (many analysts say the real figure may be twice that). People on the public payroll retire earlier and with far more generous index-linked pensions than their counterparts in the wealth-creating part of the economy. This favourable treatment has traditionally been justified on the grounds that public servants are worse paid. No longer. The Office of National Statistics says that median full-time earnings in the public sector last year were £523 a week compared to £460 a week in the private sector. The Government itself recognises the position to be unsustainable: three years ago, it sought to increase the retirement age of state workers from 60 to 65, only to back down at the first whiff of grapeshot from the unions.

Unfunded, Guaranteed, final salary pensions that have a liability to the tax payer of £650 BILLION.( my pension is plummeting in a money purchase scheme whilst I'm picking up the tab for these chancers)
Median full-time earnings in the public sector £523 a week compared to £460 a week in the private sector. (speaks for itself)
Just recently been forced to set there retirement age to 65 from 60 for new employees. ( My retirement age is 68 and increasing)
I'm not even going to go into the average sick leave of 3 weeks per employee in local councils.
£150 out of Council tax per household going directly to public sector pensions.
http://www.telegraph.co.uk/news/uknews/2084768/Gold-plated-council-pensions-to-cost-every-taxpayer-150.html
http://www.telegraph.co.uk/finance/personalfinance/pensions/3792206/An-independent-commission-to-review-public-sector-pensions-is-long-overdue..html


This is simply not sustainable and the country can't stand for it.
This gravy train HAS to come to an end.

Bring on the cull. These are OUR taxes, OUR money that the public sector is doing very nicely out of thank you very much.

blakester

donaldtramp wrote: »

http://www.telegraph.co.uk/comment/t...-be-tamed.html
A choice quote,
Unfunded, Guaranteed, final salary pensions that have a liability to the tax payer of £650 BILLION.( my pension is plummeting in a money purchase scheme whilst I'm picking up the tab for these chancers)
Median full-time earnings in the public sector £523 a week compared to £460 a week in the private sector. (speaks for itself)
Just recently been forced to set there retirement age to 65 from 60 for new employees. ( My retirement age is 68 and increasing)
I'm not even going to go into the average sick leave of 3 weeks per employee in local councils.
£150 out of Council tax per household going directly to public sector pensions.
http://www.telegraph.co.uk/news/uknews/2084768/Gold-plated-council-pensions-to-cost-every-taxpayer-150.html
http://www.telegraph.co.uk/finance/personalfinance/pensions/3792206/An-independent-commission-to-review-public-sector-pensions-is-long-overdue..html


This is simply not sustainable and the country can't stand for it.
This gravy train HAS to come to an end.

Bring on the cull. These are OUR taxes, OUR money that the public sector is doing very nicely out of thank you very much.

This is quite a generalisation.. blame the game not the players

MyLastFiver

So teachers, nurses, coppers, firemen etc are "chancers", and are separate from the "wealth-creating part of the economy"? Without these occupations there would be no wealth at all.

You carry on living in your world and I'll carry on living in mine.

Old_Slaphead

MyLastFiver wrote: »

So teachers, nurses, coppers, firemen etc are "chancers", and are separate from the "wealth-creating part of the economy"? Without these occupations there would be no wealth at all.

You carry on living in your world and I'll carry on living in mine.

Nurses etc do a fine job (not sure about all teachers and police - most, maybe) but are being paid for it.

Pension accrual cost is staggering and is being paid for by poorer members of society.

All we ask for is a fair deal for all not the priviledged few public "servants"

StevieJ

Hey I have a great idea, get a job in the public sector instead of whinging :rolleyes:

blakester

Old_Slaphead wrote: »

Nurses etc do a fine job (not sure about all teachers and police - most, maybe) but are being paid for it.

Pension accrual cost is staggering and is being paid for by poorer members of society.

All we ask for is a fair deal for all not the priviledged few public "servants"

This argument has been done to death on here of late, the public sector employs a vast spectrum of people, not all (in fact very few) could be described as priviliged

donaldtramp

So teachers, nurses, coppers, firemen etc are "chancers", and are separate from the "wealth-creating part of the economy"? Without these occupations there would be no wealth at all.

Yup we'll all just start working for the public sector and go round and round in circles living off tax. Somebody has to generate money rather than bleed the country dry.
Teachers, nurses, coppers and firemen are only 4 jobs out of the thousands of non jobs created by Labour. See here:
http://www.taxpayersalliance.com/waste/nonjobs/

You carry on living in your world and I'll carry on living in mine.

Lets re-phrase that for the public sector workers,
You keep turning up to work and I'll pick up your wage bill and pension liabilities whilst working to 68.

The public sector ARE more privileged than someone in a similar status private sector job

bigheadxx

StevieJ wrote: »

Hey I have a great idea, get a job in the public sector instead of whinging :rolleyes:

Or you could get a job in the private sector and create wealth instead of spending it.

The fuss the government made about the £9BN hole in the Post Office pension fund and how it was unfair to expect the taxpayer to shoulder the burden. The liability of the NHS, Local Councils and the rest is staggering. This reckless government dare not upset the Trade Unions this side of an election and say the country cannot afford it.

Old_Slaphead

blakester wrote: »

This argument has been done to death on here of late, the public sector employs a vast spectrum of people, not all (in fact very few) could be described as priviliged

Most nurses,doctors, teacher, police firemen etc etc are paid a decent (indeed considerably, in most cases, above average) wage - why shouldn't they provide for their own pension.

The fact that they don't indicates to me that they are indeed priviledged.

I agree that the subject gets done to death and will continue to be so whilever this inequitous system continues (FWIW my family unit benefits from this largess but that doesn' mean that it's fair and right)

StevieJ

bigheadxx wrote: »

Or you could get a job in the private sector and create wealth instead of spending it.

The fuss the government made about the £9BN hole in the Post Office pension fund and how it was unfair to expect the taxpayer to shoulder the burden. The liability of the NHS, Local Councils and the rest is staggering. This reckless government dare not upset the Trade Unions this side of an election and say the country cannot afford it.

Got news for you mate, I don't work in the public sector, then again I don't whinge about either

blakester

Old_Slaphead wrote: »

Most nurses,doctors, teacher, police firemen etc etc are paid a decent (indeed considerably, in most cases, above average) wage - why shouldn't they provide for their own pension.

The fact that they don't indicates to me that they are indeed priviledged.

I agree that the subject gets done to death and will continue to be so whilever this inequitous system continues (FWIW my family unit benefits from this largess but that doesn' mean that it's fair and right)

Police pay 11% of their wages towards pension, how can that be a privilige?