Government U-Turn or Pragmatism?

michaels

I hope so plus throw in a bit of divide and rule (no impact on those retiring in next 10 years on current offer which might be at risk if the deal is not accepted) - I guess lessons have been learned from the BA dispute.

Procrastinator333 wrote: »

I would hope that the government are smart enough for it to have been part of the plan. E.g.

We need £1bn saving. Therefore tell them we are cutting £2bn. The unions were going to threaten and probably go through with a strike whatever the start point for the cuts. Now they are threatening, offer to backtrack by 0.5bn. They strike. Offer to backtrack by another 0.5bn. Now the government is back to where it wanted to be, a 1bn cut, but importantly the unions now just look greedy if they keep going and probably have little support left.

At least, that is how I would play that game.

chewmylegoff

i do like the fact that anyone who retires in the next 10 years will not be affected - so basically the section of society who have benefited the most from HPI are exempted from suffering in the wake of the mess which has followed it.

baby boomers, liars and thieves, etc etc, vitriol.

julieq

ILW wrote: »

A bit of deflation would be very nice, thank you.

Honestly, it wouldn't.

IronWolf

Everyone entering the public sector now is put on the average salary scheme. Yet there are plenty remaining on final salary purely by the luck of when they were born.

How is this fair? I think its grossly unfair to the younger people in the public sector (like me) and the reason I left my union who were fighting this particular change.

What I cant forgive is the change from linking the average salary to CPI instead of RPI, while they change the pension payouts for current pensioners from CPI to RPI. So public sector workers aren't affected by house prices and mortgage payments now, yet retired people are?

Andy_L

IronWolf wrote: »

Everyone entering the public sector now is put on the average salary scheme. Yet there are plenty remaining on final salary purely by the luck of when they were born.

Only the Civil Service currently has a career average scheme. NHS,Teachers LGPS etc are still Final salary schemes

wotsthat

Unison have voted for a strike anyway. Democracy in action?

There was a 78% majority, with 245,358 in favour and 70,253 against on a 29% turnout.

That means of the 1,088,314 members 22% voted for a strike and it's going ahead! Unison have got this all wrong and the 71% who didn't bother to vote are going to find an unpleasant surprise in their Christmas paypackets.




http://www.bbc.co.uk/news/business-15570669

OptionARMAGEDDON

IronWolf wrote: »

Everyone entering the public sector now is put on the average salary scheme. Yet there are plenty remaining on final salary purely by the luck of when they were born.

How is this fair? I think its grossly unfair to the younger people in the public sector (like me) and the reason I left my union who were fighting this particular change.

What I cant forgive is the change from linking the average salary to CPI instead of RPI, while they change the pension payouts for current pensioners from CPI to RPI. So public sector workers aren't affected by house prices and mortgage payments now, yet retired people are?

If you dont like it, either leave the UK or get the qualifications to get a job with a final salary scheme. Until then,

SUCK IT UP! :rotfl:

FTBFun

Thrugelmir wrote: »

Did the average personal plan holder realise the impact on the value of their pots over 30 years?

I doubt it.

Doesn't mean its a "stealth tax" (god I hate that phrase).

If people can't be bothered to work it out themselves its their own fault.

WestonDave

wotsthat wrote: »

Unison have voted for a strike anyway. Democracy in action?



That means of the 1,088,314 members 22% voted for a strike and it's going ahead! Unison have got this all wrong and the 71% who didn't bother to vote are going to find an unpleasant surprise in their Christmas paypackets.




http://www.bbc.co.uk/news/business-15570669

They'll only get an unpleasant surprise if they go on strike - how many that couldn't be bothered to vote will bother to go on strike (I know that's slightly oxymoronic!). I suspect a lot of them will quietly slip into work and collect their normal pay.

wotsthat

WestonDave wrote: »

They'll only get an unpleasant surprise if they go on strike - how many that couldn't be bothered to vote will bother to go on strike (I know that's slightly oxymoronic!). I suspect a lot of them will quietly slip into work and collect their normal pay.

Those that didn't vote probably don't want to go on strike. However, slipping quietly into work might be difficult if there's a picket line to cross. If the turnout is low it might not be a problem but if it's high non-strikers might face some unpleasantness when everyone returns to work.