Why should public sector be better off?

dawyldthing

£13,653 still isn't that bad really. It works out at £7 an hour, which isn't bad going really and is much closer to the £7.50 an hour the government said in one statement is a 'livable wage'

Mankysteve

Andy_L wrote: »

Where does she work?, I'm curious as to which public sector scheme has a 15% employee contribution rate

you can contribute more than standard both my parents do.

Mankysteve

dawyldthing wrote: »

£13,653 still isn't that bad really. It works out at £7 an hour, which isn't bad going really and is much closer to the £7.50 an hour the government said in one statement is a 'livable wage'

What the government say a living wage and what actually is are two different things all together. But £7 is better than a kick in the pants.

Andy_L

Mankysteve wrote: »

you can contribute more than standard both my parents do.

In which case you're contributing more for more benefits - not really a firm foundation to base a claim of high personal contributions on though.

tr8

OnTheUp wrote: »

God I hate to hear people like the OP spouting utter rubbish. My husband is in public sector and has to put 11% of his wages into his pension pot every month, I hardly call that an easy ride??

I would love you to tell me how my husband and I are pampered?? Foolish woman should have thought before she wrote

tut tut

I do the accounts at our local council and the tax payer puts in 18.2%.
No position in our council has to put in 11% you can decide to but not forced. Fact

clemmatis

tr8 wrote: »

I do the accounts at our local council and the tax payer puts in 18.2%.
No position in our council has to put in 11% you can decide to but not forced. Fact

public sector pensions are not all the same, the required amounts differ, so do the benefits.

Spartacus_Mills

pimento wrote: »

The average public sector pension in the UK is £3000 per annum. Hardly living the high life.

http://www.guardian.co.uk/local-government-network/2010/oct/26/what-will-happen-to-public-sector-pensions

So given that the pension is index linked what sort of pot would be required to buy that sort of pensions ? More than £100,000. The issue is the affordability of the pension provision and what people have set aside. The OP makes a valid point.

We need to be more realistic about pensions and start paying more ourselves. Public and private sector.

clemmatis

Spartacus_Mills wrote: »

So given that the pension is index linked what sort of pot would be required to buy that sort of pensions ? More than £100,000. The issue is the affordability of the pension provision and what people have set aside. The OP makes a valid point.

We need to be more realistic about pensions and start paying more ourselves. Public and private sector.

I don't know what kind of pension scheme you're in. Most I know about either have changed or are changing, introducing higher payments from employees or reduced benefits, and sometimes, both. Not that 100,000 has been that difficult to obtain, till recently, given employer and employee contributions invested, with compound interest, in a well-managed fund. But new economic conditions and higher life expectancy indeed mean change, which has already come, must continue.

The Royal Mail fund, which the OP singled out -- along with the police -- for a special vitriolic outburst, is in desperate trouble because the employers chose to stop paying in. Taxpayers have picked up the tab when private pension investors lost their savings unfairly, public sector pensioners should be treated the same way.

As for

The OP makes a valid point.

the "point" was well hidden amid factual errors and mistaken assumptions and sheer nastiness. Posters here answered the points, so the OP ranted about the police. Posters answered further, so the OP ranted about the Royal Mail fund:

I think the best thing is to get all those nice sorting office staff and postmen who emptied birthday cards of cash over the years to put it into the pension scheme. Should fill it easily.
Isn't that the gist of what you are saying on this thread - take responsibility for your own retirement.
I'd go along with that! I certainly don't want to help.

doesn't help discussion, does it?

Andy_L

mysparrow wrote: »

Band 1-2 workers need O-levels/ GCSE equivalence
Band 3 A level equivalence
Band 4 Foundation degree
Band 5 Honours degree
Band 6 Honours degree plus postgraduate qualification
Band 7 Band 6 quals plus a Masters
Band 8 & up professional doctorate/ management qual

At least in the case of band 6 this is not correct, I was recruited with just an honours degree & the advert did not require one, it was only desirible

murphyg

must admit quite glad the public sector is beginning to feel the pain......I know of 2 dustbin men and their childminder wives who can afford 1 detached house each for them to live in and then bought another 8 each to rent out, go on 2/3 holidays each per year and spend most days at home.........not bad work eh if you can get it -which you can't - and before anybody has a whinge about that my uncle was a council employee and described it as being an absolute doss....