Incensed again

cyclonebri1

Been listening to the news again today, re the new offer to avert any further upset due to public sector kicking off due to pension issues.

A couple of figures hit me. They referred to the pension that a public service worker would recieve under the new offer.

A teacher earning £35K would get £25k pension

A nurse earning £30k would get £20k

What the f888????????????



To start, I consider a teacher or a nurse to be an able employee that is worthy of a decent salary.
In the present day private sector that equates to £20 per annum, not 30/35:(

Does anyone in the public sector actually realise what a similarly paid private secter worker would have to pay/sacrifice for the same return?, well no, I don't think you do. From my own situation after 38 years with the same company and a finishing salary as a chief engineer of £30k+ I retired (early) on £8k per year.

Please accept the governments latest (generous) offer, again it favours it's "flock" whilst stuffing the workers, and you are piecesing us off.

ViolaLass

A teacher earning £35k will have been working for some years. You think they should stick on £20k for their whole career?

How much did you put into your pension? That's more relevant than how much you earned.

cyclonebri1

ViolaLass wrote: »

A teacher earning £35k will have been working for some years. You think they should stick on £20k for their whole career?

How much did you put into your pension? That's more relevant than how much you earned.

The maximum my tight assed company would allow me to do?

ciano125

The maximum your tight assed company would allow you to put in? What was stopping you having your own SIPP for example if you wanted to save more in order to provide a better retirement for yourself?

elmer

Im in the LGP scheme, I work part time and earn approx 8K and in 20 years time when Im due to retire I will receive approx 2K per year according to my forecast, so the figures you mentioned seem particularly generous to me,

Almost everyone else in my office has a forecast of a similar ratio, and people like me on wages like me make up the bulk of staff employed by my council

I dont think I will ever qualify as a fat cat sadly

elmer

bigfreddiel

ciano125 wrote: »

The maximum your tight assed company would allow you to put in? What was stopping you having your own SIPP for example if you wanted to save more in order to provide a better retirement for yourself?

I think what cyclonebri1 is trying to say is that civil servants don't pay much for these pensions relative to what he paid for his £8k pension after 38 years

I would tend too agree I have 23 years service in the civil service - I pay £35/month and my pension will be about £8500 and of course a lump sum of £25k when I retire next year. And I should add I only earn £28k - and don't forget we get 30 days leave a year add in the flexible hours we work and that can be another 24 days a year, and don't forget public holidays plus a few extra days we get for the Queens birthday, Xmas shopping and so on.

Its no picnic, I can tell you that right away!

spike9

A Teacher on 35k will get a pension of 25k !? No way ! Unless you're talking about someone with a huge part of their career left and even then assuming that salary rises might reappear at some point in order to increase their final salary or career average somewhat !

real1314

cyclonebri1 wrote: »

Been listening to the news again today, re the new offer to avert any further upset due to public sector kicking off due to pension issues.

A couple of figures hit me. They referred to the pension that a public service worker would recieve under the new offer.

A teacher earning £35K would get £25k pension

A nurse earning £30k would get £20k

What the f888????????????



To start, I consider a teacher or a nurse to be an able employee that is worthy of a decent salary.
In the present day private sector that equates to £20 per annum, not 30/35:(

Does anyone in the public sector actually realise what a similarly paid private secter worker would have to pay/sacrifice for the same return?, well no, I don't think you do. From my own situation after 38 years with the same company and a finishing salary as a chief engineer of £30k+ I retired (early) on £8k per year.

Please accept the governments latest (generous) offer, again it favours it's "flock" whilst stuffing the workers, and you are piecesing us off.

You really don't have much idea about what other people's earnings are do you?

You think a nurse should be paid a below average wage? And a teacher?

You really think health and children's futures should be left to the "below" average employees? :cool:

sprite1508

not sure where youv got your figures from, i pay around £150 a month into my nhs pension - have done for 9 yrs, i intended on retiring at 60 - this WOULD have given me around 22k lump sum. What they are proposing is for me now to pay in an extra £760 a yr till im 67 yrs old then recievve a lump sum of around 8k!!
would you do that!!?? i think not............. none of us actuaslly want to strike but what do we do - lie down accept it - let us pay for the mess the governmet has got us into?? if thats the case then theres no point in wotking is there, why not toss it off and get paid to stay at home ..............


im 36 btw, been working for 9 in the nhs and have another 31 yrs to go if they have anything to do with it, im a paramedic and reaslly cant see me carrying a cardiac arrest down a flight of stairs at that age can you.....

Old_Slaphead

spike9 wrote: »

A Teacher on 35k will get a pension of 25k !? No way !

What's difficult to understand about a 1/60th pension accrual for each year worked.

Someone working 40 years on £35k pa therefore gets £35,000x40/60 =£23,333pa pension.

sheffield_lad

sprite1508 wrote: »

im 36 btw, been working for 9 in the nhs and have another 31 yrs to go if they have anything to do with it, im a paramedic and reaslly cant see me carrying a cardiac arrest down a flight of stairs at that age can you.....

Why can't you leave the NHS early and get another job less intensive? No one in the public sector seems to be able to get their head around life outside the slack inefficient world which is the public sector, and how we the tax paying mugs who are subsidising your pension for you.

I pay 10% of my wage into my pension and my forecast is at 68 £7000 pa whoopee doo!

You really don't know (or care), what life is like for the rest of us.