Public sector wellcome to the real world

browniej

matthew74 wrote: »

My employer puts in 12.6%

Well at least that's good. Does your 36% include that 12.6% or is the total contribution 48.6%?

You must be earning a fair amount to be able to afford 36% contributions though - I know I wouldn't manage on my salary of £30k and still be able to pay the bills.

. And of course it all depends on how my funds perform :eek:

Yes unfortunately. Hope it all goes well for you.

matthew74

Brownie, yes the company put in 12.6 % on top of my 36%. When you take off the 40% tax saving its not as bad as it sounds, but can only afford it whilst the wife works full time also!

Anyway despite the pension difference I wouldn't fancy working in the public sector so think myself lucky where I am.

Regards.

patchwork_cat

I would like to say that Local Government employees already pay more than the proposed new amount in public sector, more than 1.5 % more for civial servants as detailed here http://www.bbc.co.uk/news/business-14323514 more inline with NHS although still slightly more.

NAR

jackyann wrote: »

So:
How much is a nurse worth in a free market?
How much is she (90% nurses are female) worth if you are in pain or haemorrhaging?
How much is she worth when she cares for someone who is dying?
Or attending a birth?
How much for routine clinical work: taking your blood pressure or prescribing for an ear infection?
How much when she's nagging (sorry - advising) you about your drinking or your diet?
How much when clearing up the clinical debris because that is no longer part of the cleaning staff's job?

Oh jackyann you were sooooo getting me onside until I got to the nagging! :beer::rotfl:

jem16

patchwork_cat wrote: »

I would like to say that Local Government employees already pay more than the proposed new amount in public sector, more than 1.5 % more for civial servants as detailed here http://www.bbc.co.uk/news/business-14323514 more inline with NHS although still slightly more.

Not quite sure what you're getting at here. Teachers and NHS staff currently pay 6.4%/6.5%. The top unpromoted teacher will rise to 7.6% as will a similar waged NHS worker.

LGPS workers on a similar wage are at 6.5%/6.8% so actually going to be less than the 7.6% proposed.

cyclonebri1

patchwork_cat wrote: »

I would like to say that Local Government employees already pay more than the proposed new amount in public sector, more than 1.5 % more for civial servants as detailed here http://www.bbc.co.uk/news/business-14323514 more inline with NHS although still slightly more.

But do you realise that many lower paid private sector employees don't even get the oportunity to pay that.?? Infact many companies offer no pension facility whatsoever, and this is were the friction is generated:A

Old_Slaphead

Will public servants also be expected to pay the additional 1.4% (or is it 1.6%) once contracting out of state scheme is stopped in 2012 ?

jem16

Old_Slaphead wrote: »

Will public servants also be expected to pay the additional 1.4% (or is it 1.6%) once contracting out of state scheme is stopped in 2012 ?

Contracting out will still apply to final salary pensions.

jackyann

My point, though, is not whether I like it or not. My question is: what is fair?

Had the taxpayers paid me 10% more throughout my working life, then I could have decided to invest that in a pension: would you think that was unfair?
That I had been paid 10% more than I was worth?
That would have meant my final salary as a senior nurse with 40 years' experience, would have been £35.2k.
This is not a rhetorical question, it is a genuine one, as we have to decide what public sector employees are worth.

Note: close friend has paid 20% of salary into a pension scheme for a similar amount of time in order to end up with 50% of final salary, so it is a close approximation.

PS: NAR - the point (of course) was that front-line public sector workers can't individually negotiate - that was why I put that bit in - wish I could do nice emoticons too - cheers!!!!!!

jem16

cyclonebri1 wrote: »

But do you realise that many lower paid private sector employees don't even get the oportunity to pay that.?? Infact many companies offer no pension facility whatsoever, and this is were the friction is generated:A

Yes I'm sure it is the case.

Question begs - why not get a job in the public service then? Matthew74 says he doesn't fancy working in the public sector so thinks himself lucky where he is.

That's what annoys us about all of this friction against us. Yes I am one of the lucky ones now - only 10 years ago I wasn't considered lucky against my private sector friends and relatives with their much higher salaries, medical benefits, yearly bonuses and 2/3rds final salary pensions. For most of my working life I have been worse off than similarily qualified in the private sector.

Where were you all then shouting out for equality for your poorer cousins? :A

And yes I can see the need for change.............