90% Public Sector Final Salary Pension Meltdown Scandal

mitchaa

Where's this crazy figure of 90% come from?

Most i've ever heard was 40/60 i.e 2/3 FSP.

Pennywise

Sir_Humphrey wrote: »

My job reduces the amount of work the emergency services have to do. This saves a lot of money by preventing expensive (and fatal) accidents, but this cannot be measured as you cannot logically prove a negative.

OK, so when we hear of redundancies and service cuts to the emergency services, we don't need to panic, because they have less work to do because of your job. That's fine then.

purch

Kudos to me then

Yeah....but was it "Your Team".............or were you just part of some really important persons (like ruggedboasts :eek:) team ???

Harry_Powell

purch wrote: »

Yeah....but was it "Your Team".............or were you just part of some really important persons (like ruggedboasts :eek:) team ???

I was just a Team Member rather than Team Leader, to be honest I'm not even front line troop, I worked in the Galley. My glory has been diminished in the eyes of all MSE economy forum members, I shall resign my MSE commission forthwith.

I was issued with a ray gun though, so surely that counts for something?

Sir_Humphrey

Pennywise wrote: »

OK, so when we hear of redundancies and service cuts to the emergency services, we don't need to panic, because they have less work to do because of your job. That's fine then.

What on Earth are you on about? Of course I think that cuts to services would be bad, which is why I would prefer tax rises.

I am saying what I think will happen, not what should happen. What I said about my job is statement of fact, not a boast or whinge. I bet you wouldn't be saying that if I wore a helmet and uniform and carried a hose.

Have you read this thread from the start? Sometimes I honestly wonder why I bother.

purch

Sometimes I honestly wonder why I bother

Oh keep bothering Sir Hump.

It's all good fun...

.....although maybe you keep some parts of your private life under wraps :eek:

if I wore a helmet and uniform and carried a hose.

Old_Slaphead

StevieJ wrote: »

Keep your head down while that axe is swinging You don't have to pretend to us, well maybe for Slaphead and Tramp :eek:

Sorry Stevie that I've not managed to pour vitriol in your ear for a while - I really must do better. Been busy down the factory checking to ensure the limp green shoots aren't really weeds

kabayiri

To dig us out all out of this big economic hole means we all need to have a shovel, and be responsible for some dirt.

If we don't take responsibility for our debts, foreign creditors and the IMF will. I'd rather it be in our hands.

I'll itemise my 'savings' for easy derision
a) save 4bn+ per annum my leaving Afghanistan to the locals
b) scrap trident, and scale back other big defense projects (exactly how do you fight an Afghani peasant with a Typhoon fighter?)
c) legalise the drugs and the prossies, as long as they pay tax
d) cut public sector departmental budgets by 5%. Let them decide how to make the savings.
e) make Banks and big companies like Barclays pay closer to the 30% corporation tax little outfits have to pay...not the 19.4% Barclays manage to wrangle at the moment (if they object, what are they gonna do? take their business away? I dont think so...)
f) find a way to make richer people pay at least some of their fair share (I vividly remember some of the 'traders' bragging on telly that they pay less tax than the cleaners -- needs sorting out)
g) tax rise for everyone, public and private sector
h) scrap tax credits and raise the minimum threshold for paying tax.

Of course, some of this is unachievable rubbish; but the principle remains....we have ALL got to feel the pain somehow. As long as it delivers the results, and we pay down our debts.

I don't know about you, but as a prudent spender myself, it really sticks in the craw that we will be paying 60bn interest alone (!!) in 2013/14, and yet the rich bankers who were major beneficiaries of this debt fest will be returning to rather nice bonuses this year.

Generali

kabayiri wrote: »

we will be paying 60bn interest alone (!!) in 2013/14,

That's going to be the killer. 10% of tax revenues being spent on Gilt coupon payments.

Afriend_2

Generali wrote: »

That's going to be the killer. 10% of tax revenues being spent on Gilt coupon payments.

Which contributes towards many Pension Funds?