Public sector monster needs to be tamed

ukcarper

Who does create wealth in this country?
I thought Maggie put pay to most of that.

Old_Slaphead

blakester wrote: »

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

Because they retire at 50 on nearly 2/3 pension.

30 years work and 30 years pension - do the maths.

Over 30% of local rates police precept goes on pensions - and that figure is increasing each year. More cost for fewer police !!!

My neighbour is a 55 y/o retired ex pol- just bought 09 top of range Volvo. Never goes short on hols either. Doesn't look too iimpoverished to me.

blakester

WFT? wrote: »

but they have a guaranteed pension for that 11%, so no worries about the vagaries of the stockmarket. If they had defined contribution pensions instead of defined benefit ones it would be fairer. Can you imagine any public sector servant agreeing to that though?

The fact that it is 11% of salary would define it No? Their level of pension is defined by earnings or am I off the mark?

StevieJ

Old_Slaphead wrote: »

Because they retire at 50 on nearly 2/3 pension.

30 years work and 30 years pension - do the maths.

Over 30% of local rates police precept goes on pensions - and that figure is increasing each year. More cost for fewer police !!!

My neighbour is a 55 y/o retired ex pol- just bought 09 top of range Volvo. Never goes short on hols either. Doesn't look too iimpoverished to me.

Why didn't you join Wouldn't fancy it myself.

Old_Slaphead

blakester wrote: »

The fact that it is 11% of salary would define it No? Their level of pension is defined by earnings or am I off the mark?

As I understand it the 11% is not obligatory - it is optional for extra benefits ie early retirement

treliac

Oh, saints preserve us - here we go again.

BORING!!!!!!!!!

blakester

Old_Slaphead wrote: »

Because they retire at 50 on nearly 2/3 pension.

30 years work and 30 years pension - do the maths.

Over 30% of local rates police precept goes on pensions - and that figure is increasing each year. More cost for fewer police !!!

My neighbour is a 55 y/o retired ex pol- just bought 09 top of range Volvo. Never goes short on hols either. Doesn't look too iimpoverished to me.

I noticed you had edited that from 40 to 30 years.. And who said anything about anyone being impoverished? There could be any number of reasons why your neighbour can afford a new car. Would you really grudge someone a pension which they have contributed to?

Caroline73_2

This old chesnut!!! Brilliant!!!

bigheadxx

ukcarper wrote: »

Who does create wealth in this country?
I thought Maggie put pay to most of that.

Wondered when we would get on to blaming Maggie!!
The difference between the govt in the 1980s and todays government is that the decisions that were taken back then were taken because the country needed them to be taken whereas today politicians make decisions for short term public popularity.

This government would not have had the wealth to spend had it not been for the changes made in the 1980's and had Labour won in 1979 we would have started printing money a long time ago.

Old_Slaphead

StevieJ wrote: »

Why didn't you join Wouldn't fancy it myself.

Not the point.

They get a decent/good rate of pay now - why shouldn''t they start paying for their own pension like the rest of us instead of relying on a vast taxpayer subsidy?

Why should people significantly worse off be expected to subsidise their lifestyle for 30 years when they have contributed insignificant amounts themselves?