NHS Pension??

Snapelover

wattapain wrote:

Snapelover - please do not pm me with personal insults..

This is way off the thread but I have to say this out in the open.

Who mentioned anything about sending you a PM with personal insults? I have sent you a PM to merely conclude my opinions on a nurses working conditions and wages as I feel that this subject we were starting to discuss was not what the area was about.

wattapain wrote:

Anything you want to say - use this board or i will report you to the moderator.

I'm not going to use this board to do anything but discuss NHS pensions.

I think your attitude is very unnecessary.

Snapelover

dunstonh wrote:

You pay into your pension but it is not invested.

Could someone please tell me what happens to the money that my other half will pay into his pension fund for the next 20 years (all being well of course)?

MrChips

It will be added to the taxes and other money accumulated by Gordon Brown and used to pay for lots of other things, including the pensions of current NHS pensioners.

Assuming the same system is in force when he retires, he will be paid out of taxes collected at that time.

kazmac_3

Snapelover wrote:

Where's those violins!

My husband has just recently qualified as a staff nurse after spending 10 years in a printing firm (which offered him no pension), one year on the dole, one year studying at college and three years on the most pathetic nursing diploma course which prepared him for absolutely nothing. He has been working in the best paid job he will ever have done in his life for three weeks now, overtime is available if you want it - it's not something that you are obliged to do for the 'love of the job'. Weekends, nightshifts, bank holidays - you knew all that before you took the job - it's a 24/7 industry. Think about people in care homes, taxi drivers, bus drivers, large supermarkets - need I go on - most of these workers find themselves working at the smae times of day/year as yourselves on a much less pay with less benefits and a poorer pension.

You don't know how lucky you are.

I would kindly advise you to apply for the same 'pathetic nursing diploma', following which, you could have the same 'gold plated pension' that your husband may receive....have to go; am busy polishing my violin....... :rolleyes:

PS: HAVE worked in a care home...hubby is a driver....so no, you need NOT go on, but thank you very kindly for the offer

raymond

Considering the uproar about pensions/retirement age/public spending etc there is now, imagine what it is going to look like in 10 or even 20 years.

Whatever govt will have frittered away any little pot there is and will need to borrow money to pay the pensions, mind you there will be no manufacturing and very few paying tax by that stage so we all need to work until we are 90 ....

We are doooomed ... do ya hear .... DOOOOMED

exil

If it's any consolation, the US state pension is due to go bankrupt about the year 2020, and European countries are heading for enormous problems with their pension schemes.

Seriously, IMO the pensions crisis is much exaggerated. The likelihood is that people retiring in future will be better off in real terms than the current generation of pensioners, mjost of whom have the basic state pension and little else. The "crisis" is all about expectations - people expecting to retire with
something like the same standard of living they have pre-retirement, which was never a viable proposition.

Over the next few years the remaining FS schemes are likely to be wound up - and I don't anticipate that public sector schemes will be exempt, the pressure to end them will become too great to resist. Already the civil service scheme is defined contribution.

margaretclare

exil wrote:

.....the current generation of pensioners, most of whom have the basic state pension and little else. The "crisis" is all about expectations - people expecting to retire with something like the same standard of living they have pre-retirement, which was never a viable proposition.

On this beautiful bright spring morning - it's Passion Sunday, folks! - another reminder that I'm so, so lucky.

I'm 70, in a happy (second) marriage, have a comfortable life with all I need, and most of my income is 'disposable'. I'm better off than I've ever been in my life before. I'm still saving, because there are things we want, and in a few years' time, who knows, one of us will be left on his/her own with consequent loss of that person's income (except for SERPS, which can be inherited).

But if I was a woman on my own, especially if I was one of those who never paid full NI contributions and never paid into any pension scheme because I expected it all to come from a husband's contributions, then I'd be living on just the basics. I just can't see myself living that way, just can't imagine it. And some of them are only just retired or retiring now, into decades of poverty.

Margaret Clare

Andy_L

exil wrote:

Over the next few years the remaining FS schemes are likely to be wound up - and I don't anticipate that public sector schemes will be exempt, the pressure to end them will become too great to resist. Already the civil service scheme is defined contribution.

The civil service scheme is still DB, there is the option of a DC scheme but, unsurprisingly, few take it.

The trouble with moving from unfunded FS to DC will be the short term (~30 years?) increase in cost as they pay the existing pensioners & acrued rights AND the contributions for any replacement DC scheme.

The government of the day is unlikly to take the "short term pain: long term gain approach" so I think the method will be tweeking the retirement age (already started), raising employee contributions offsetting future payrises and reducing fringe benefits (like dependants pensions)

Andy

Snapelover

kazmac wrote:

I would kindly advise you to apply for the same 'pathetic nursing diploma', following which, you could have the same 'gold plated pension' that your husband may receive....have to go;

Wouldn't be allowed to do nursing as I am visually impaired.