Public Sector Pensions...

Sphynx

I already pay 11% into my public sector pension. It's not my fault the government chose not the invest the money put into the pot and just spent it recklessly. Now they are moaning because they are going to take on less public servants and won't have enough workers to pay those in retirement. Not very forward thinking. I think it's dispicable that MP's are going to keep all their pension rights (they don't pay much if anything towards it)? whilst the rest of us pay for THEIR mistakes. There have been areas of the public service that traditionally don't contribute much towards their pension (armed forces), that isn't true of everyone. I really don't see how they can justify not taking the same measures on themselves :mad:

Andy_L

mvengemvenge wrote: »

My only complaint is that MP's will be exempt......so obviously, we're not all in this together.

Where does it say the MP's scheme would be exempt?

Edit: Ignore that, I'm being a blind bufoon

Andy_L

dansylvester wrote: »

Looking at public sector pensions from the inside, I can see that staff in whitehall and central government generally have much much lower contributions than staff in the NHS and local councils. I personal pay 6.5% of my gross wage into my pension every month, where as those in whitehall pay just 3%...

True, however the CS has lower salaries than NHS (don't know about Local Gov) so swings and roundabouts

Andy_L

dori2o wrote: »

The CS pension is compulsary and by that basis I should decide what contribution is paid into it.

No it isn't

StevieJ

It appears that the govt have provided a masterclass in managing expectations within the public sector, it started with the wicked witch from the east and has been picked up readily by her protege. It appears the Turkeys have accepted that Christmas will soon be upon us.

treliac

muhasib wrote: »

There are well paid jobs in teaching that can make you rich - Ofsted Inspectors, Headmasters, Directors of Education to name some; I know quite a few doing very well indeed - granted for those of us still in the classroom its not the same.

If there are cuts to be made it would be good to think they will fall on those with inflated salaries rather than basic and pretty low paid front line staff. I worry that good quality candidates will not be attracted into important work such as teaching otherwise.

Unfortunately, the anti-public sector brigade rear up in their distorted thinking that everyone is well paid.

dori2o

This is a good read on the CS pensions.

http://www.civilservant.org.uk/pensions.shtml

ILW

treliac wrote: »

If there are cuts to be made it would be good to think they will fall on those with inflated salaries rather than basic and pretty low paid front line staff. I worry that good quality candidates will not be attracted into important work such as teaching otherwise.

Unfortunately, the anti-public sector brigade rear up in their distorted thinking that everyone is well paid.

The problem with teachers is that it is virtually impossible to sack a "not very good" one. This devalues the whole profession.

thescouselander

Fair enough but I accept lower pay in my job because of the terms of the pension. If the pension changes to match that offered in the private sector there is going to be a lot of pressure for pay to do the same (ie to go up). Really public sector pensions are just a way for the government to defer the wages of public sector employees - if they go to the private sector model this could actually cost more in the short term.

ILW

thescouselander wrote: »

Fair enough but I accept lower pay in my job because of the terms of the pension. If the pension changes to match that offered in the private sector there is going to be a lot of pressure for pay to do the same (ie to go up). Really public sector pensions are just a way for the government to defer the wages of public sector employees - if they go to the private sector model this could actually cost more in the short term.

Are you sure you accept lower pay, are there direct comparisons with the private sector?