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Public sector wellcome to the real world
Comments
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I worked for the local Authority for 27 years my pension i will be picking up next year will be £6500 pa. with a lump some of £20000. This is what many people call a massive pension is it. Cut the BS and get the real story i am in the private sector now and have also paid into a pension with my employer who puts in 3% as did my Local authority. We all pay in to our pensions and i mean £250 a month so please get facts out there.
The fact is that providing that amount of pension would cost the best part of £200,000 if you were to buy an equivalent annuity on the
open market for a 60 year old male.
£200,000 is a fair amount of money by many people's standards.0 -
nobody wants to work in the public sector any longer.
That is apparent as in some areas of the public sector they dont do any work whilst picking up a salary. That you claim this country is becoming a horrible place to live illustrates how sheltered public sector employees are as for many non pse's, this has been a horrible country to live in for a long time and much of this is greatly attributable to the public sector.0 -
That is apparent as in some areas of the public sector they dont do any work whilst picking up a salary. That you claim this country is becoming a horrible place to live illustrates how sheltered public sector employees are as for many non pse's, this has been a horrible country to live in for a long time and much of this is greatly attributable to the public sector.
Genius post. Your evidence for this is...?0 -
It has been, for me, an interesting and eye opening thread but I feel that 'Public Sector' is too broad a term when talking about pensions. There are umpteen different schemes and these seem to be pretty different from each other. Pehaps when people are relaying their views or experiences they could narrow it down a bit to a particular scheme (or schemes). I only know about the NHS scheme, which is similar to teachers, but I've no idea what a soldier or a member of the civil service contributes or receives on retirement.
It might allow for a more focused answer rather than the 'scattergun' approach.The highest form of ignorance is when you reject something you don't know anything about.
Wayne Dyer0 -
This thread has grown arms and legs.I'm retiring at 55. You can but dream.0
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paparossco wrote: »It has been, for me, an interesting and eye opening thread but I feel that 'Public Sector' is too broad a term when talking about pensions. There are umpteen different schemes and these seem to be pretty different from each other. Pehaps when people are relaying their views or experiences they could narrow it down a bit to a particular scheme (or schemes). I only know about the NHS scheme, which is similar to teachers, but I've no idea what a soldier or a member of the civil service contributes or receives on retirement.
It might allow for a more focused answer rather than the 'scattergun' approach.
I have to say thanks for an independant and even view.
This topic has been dragged into every differing segment of opinion that exists.
It is about pensions
It is about differences between PR and PU workers payments and entitlements.
It is not about immigrants, not about race, not about the benefit claiming underclass
Simply if the way commerce and NOW the govenment treats the working class escapes you, well.
If council/civil/ public sector workers can't see that there is little hope:AI like the thanks button, but ,please, an I agree button.
Will the grammar and spelling police respect I do make grammatical errors, and have carp spelling, no need to remind me.;)
Always expect the unexpected:eek:and then you won't be dissapointed0 -
cyclonebri1 wrote: »It is about pensions
It is about differences between PR and PU workers payments and entitlements.
I just re-read the OP and you're right this has drifted all over the place.
Hutton though makes the point that it is about affordability, he touches on fairness but says that private sector should be providing pensions similar to those which he is proposing for the public sector.
If it's about affordability, and if the NHS scheme is in a £2Bn surplus and getting cheaper (without taking into account proposed changes), why don't we just make the NHS scheme the standard public service scheme? Better still why not incentivise the private sector employers to make the same available for everyone else?
I do think a few changes to the NHS scheme are needed though.
Increase staff contributions and decrease employer contributions so that they are the same.
Stop the highest paid taking so much out of the pot by setting a max- consultants and directors take huge pensions.
Move to career average.
Find a way to utilise the skills of the +60's some of whom will be unable to practice safely (quickly enough) in emergency situations, so that they can keep working or enable them to retire taking a pension rather than leave work and live on benefits.0 -
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