Incensed again

michelle1506

sprite1508 wrote: »

Agreed, in fact iv been on a pay freeze for the last two yrs, now iv got to pay more in to less back?!!! i really do hope i have been given duff info by i doubt it tbh or there wouldnt be this uproar would they

Thanks yes thats right! I have never had anymore then about 2% at at time, and have also have been on a pay freeze for two years. TBH I can't afford the higher pensions contributions (or do I mean deficit) and will therefore have to let my pension lapse. :eek:

michelle1506

longleggedhair wrote: »

As others have said you will still get a damn good pension which people in the private sector can only dream of. I hope the gov sticks to their guns. Let the public sector go on strike, it will help reduce the wage bill.

Do you not see what is happening in Greece. God forbid the Labour pary had been elected in 2010 we would be on the roadto becoming another Greece. The present gov is giving us some short term pain, but this will ensure a better future for us and our children.

Bottom line is-if you dont like it in the public srctor, leave. There will be 20 people behind you waiting to take your job.

As I have already said my pension is not even worth very much!!!:mad: God I think that there is far too much Tory media spin listened to out there...

michelle1506

longleggedhair wrote: »

As others have said you will still get a damn good pension which people in the private sector can only dream of. I hope the gov sticks to their guns. Let the public sector go on strike, it will help reduce the wage bill.

Do you not see what is happening in Greece. God forbid the Labour pary had been elected in 2010 we would be on the roadto becoming another Greece. The present gov is giving us some short term pain, but this will ensure a better future for us and our children.

Bottom line is-if you dont like it in the public srctor, leave. There will be 20 people behind you waiting to take your job.[/QUOTE]

Please don't put words in my mouth - Your words not mine!

sprite1508

what happens if you do that tho??? also can you come out of a pension? what happens to the money thats been paid in? god iv got loads to find out, they can p+ss off if they think im gonna carry on paying £200 odd quid a month to get less back.... id rather come out of it and put it into a isa or even property,



sorry this is for Michelle....i forgot to quote

spike9

Old_Slaphead wrote: »

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.

Nothing but I get 1/80th per year actually. Half salary after 40 years - not exactly raking it in even if you can get that many years in.

noh

sprite1508 wrote: »

what happens if you do that tho??? also can you come out of a pension? what happens to the money thats been paid in? god iv got loads to find out, they can p+ss off if they think im gonna carry on paying £200 odd quid a month to get less back.... id rather come out of it and put it into a isa or even property,



sorry this is for Michelle....i forgot to quote

And you think that will give you a greater return than you NHS pension?

sprite1508

i really dont know this is all things iv got to find out... hence the ????

longleggedhair

michelle1506 wrote: »

As I have already said my pension is not even worth very much!!!:mad: God I think that there is far too much Tory media spin listened to out there...

Far too much Tory media spin? Who said anything about being a Tory, im just being realistic. It comes down to simple maths,you cant keep spending more than you earn-unless you want financial ruin.

You will have a good pension even after these changes. Dont blame the Torys for taking it away, blame Labour for giving you something that never existed...it was all a lie, new schools & hospitals, big pay rises for public sector staff..it was a LIE...they brought your votes with a LIE, the money was never there, it did not exist, the borrowed it and now the chickens have come home to roost!

michelle1506

sprite1508 wrote: »

what happens if you do that tho??? also can you come out of a pension? what happens to the money thats been paid in? god iv got loads to find out, they can p+ss off if they think im gonna carry on paying £200 odd quid a month to get less back.... id rather come out of it and put it into a isa or even property,



sorry this is for Michelle....i forgot to quote

I know but I really can't afford it - I have family to think of. I guess I will just have to do something else when I can afford it. I think tbh there will be a lot of people in my boat who can't afford it either, and will most likely do the same. :eek:

longleggedhair

sprite1508 wrote: »

what happens if you do that tho??? also can you come out of a pension? what happens to the money thats been paid in? god iv got loads to find out, they can p+ss off if they think im gonna carry on paying £200 odd quid a month to get less back.... id rather come out of it and put it into a isa or even property,



sorry this is for Michelle....i forgot to quote

That would be one of the worst financial decisions you could ever make. You would lose thousands and thousands..end up poor in retirement. Your dependants would lose thieir pensions and life insurance protection, and you would have no pension in the event you had to retire early due to ill health (think of your previous post re carrying a cardiac machine up the stairs!!!)

You have two choices,

a) Pay slightly more for one of the best pensions available in the country.
b) Go on strike, lose your wages during the strikes and then pay more.

(Hint a is much cheaper!)