Things to come?

StevieJ

Could this be sign of what is to come here? must say retirement at 55 without penalty was generous.


New York state’s pension program will raise the retirement age and financial contributions for new workers to save the state and local governments about $48 billion over 30 years.
…
For new workers, the bill raises the age for retirement without penalty to 62 from 55, imposes a 38 percent penalty on non-uniformed workers who retire before 62 and increases the minimum years of service to draw a pension to 10 from 5, according to Paterson’s office. Overtime payments included in calculating pension benefits will be capped at $15,000 a year for civilian workers, and 15 percent of wages for police and firefighters.


http://investing.curiouscatblog.net/2009/12/02/ny-state-raises-pension-age-to-save/

PhylPho

Fascinating stuff, Stevie: many thanks. Now I know why so many love The Big Apple (meant to pop some little icons into that but can't manage it.) The retire-at-55 notion, though now junked, will nevertheless come as a surprise to many in Greece who appear to have been packing it in at 35.

StevieJ

PhylPho wrote: »

Fascinating stuff, Stevie: many thanks. Now I know why so many love The Big Apple (meant to pop some little icons into that but can't manage it.) The retire-at-55 notion, though now junked, will nevertheless come as a surprise to many in Greece who appear to have been packing it in at 35.

And avoiding the taxes required to pay for it

lynzpower

I feel sorry for the americans

Only one weeks holiday a year by law isnt it?

Viva capitalism!

Still find it quite amazing that they have a retirement age so low, something Ive never really thought of, thought most people would retire around 60-odd, except politicians and those who own thier own businesses of course!

Where else in the developed world is the retirement age so low?

Was staggered when I heard about greece retirement age, couldnt realy get my head around it?

PhylPho

Lynz: my apologies, I was playing around. I've really no more idea of what the Grecian retirement age is (I thought they all quit in 2000 seeing as how the year was named after them) than I have of what a Grecian urns.

That said, I've often thought the labour force must retire really, really early on account of the shortage of people to fix all those delapidated public buildings in Athens and elsewhere.

lynzpower

PhylPho - it was 53, I saw it on the news and was somewhat agog.

Maybe its because people get older earlier cos of the heat?

Love the Urns Clever

A._Badger

lynzpower wrote: »

Still find it quite amazing that they have a retirement age so low, something Ive never really thought of, thought most people would retire around 60-odd, except politicians and those who own thier own businesses of course!

There are lots of much cherished myths about the feelthy capitalist USA - not least about its health and benefits system. I can't imagine why Left-wing writers, broadcasters and polemicists would wish to perpetuate them....

brit1234

Its good to know they have kept seperated the conditions for uniform and non uniform workers.

PhylPho

lynzpower wrote: »

PhylPho - it was 53, I saw it on the news and was somewhat agog. Maybe its because people get older earlier cos of the heat?

Lynz: Please please please do not make such speculations on a public forum. MSE is read by people in Government, and now as a result of your post the imminent withdrawal of the pensioners' winter fuel allowance coupled with a continuing exponential rise in heating bills (about which the regulator will do sod all) will all be justified on the grounds that keeping people cold equals keeping people young equals keeping people economically active.

On which basis, there'll be no surge in house building in the UK, rather the mass development of igloos, fines for every household socially irresponsible enough to have central heating and Delia Smith on the telly with advice on how to cook a seal.

'S all your fault.

PhylPho

brit1234 wrote: »

Its good to know they have kept seperated the conditions for uniform and non uniform workers.

:rotfl::rotfl::rotfl:

(Then again, the uniforms so many ladies wear of an evening around Broadway and -- even now -- Times Square make you apreciate how difficult it is to determine an appropriate retirement age. I recently encountered just such a uniformed lady: the body of a 20-year-old, the eyes of a 70-year-old. Confusing; and unutterably. . . Sad.)

lynzpower

PhylPho wrote: »

Lynz: Please please please do not make such speculations on a public forum. MSE is read by people in Government, and now as a result of your post the imminent withdrawal of the pensioners' winter fuel allowance coupled with a continuing exponential rise in heating bills (about which the regulator will do sod all) will all be justified on the grounds that keeping people cold equals keeping people young equals keeping people economically active.

On which basis, there'll be no surge in house building in the UK, rather the mass development of igloos, fines for every household socially irresponsible enough to have central heating and Delia Smith on the telly with advice on how to cook a seal.

'S all your fault.

Oh god. That is terrible.

( that policy makers while away thier lives on mse...somebody sack them all, whoops was that my fault too)

Hell everythings my fault these days,:eek::eek::eek::rotfl::rotfl: