Public Sector Pension Strikes – A JOKE !

Koicarp

More info on pension levels from Hutton:
Variability between and within schemes
[FONT=Adobe Garamond Pro,Adobe Garamond Pro][FONT=Adobe Garamond Pro,Adobe Garamond Pro]1.27 [/FONT][/FONT]Pension payments vary considerably both within and between schemes. Almost half of LGPS recipients receive less than £3,000 a year, while more than half of police pensioners receive at least £15,000 a year. Police pension payments are fairly tightly clustered around the average (mean) of £15,650, but NHS payments are very dispersed. Three quarters receive less than £9,000 a year, but one per cent receives about £55,000 or more. Differences in average pension levels reflect different earnings paths and work patterns between the categories of scheme.
[FONT=Adobe Garamond Pro,Adobe Garamond Pro][FONT=Adobe Garamond Pro,Adobe Garamond Pro]1.28 [/FONT][/FONT]Table 1.C looks at the top and bottom of the pension distribution in more depth. One in ten public service pensions are £1,000 a year or less. More than half of these small pensions are from local government work, while most of the remainder are from the civil
service and NHS schemes. Pensions at this level will typically be the result of both short service and relatively low pay, perhaps because of part-time work.
[FONT=Adobe Garamond Pro,Adobe Garamond Pro][FONT=Adobe Garamond Pro,Adobe Garamond Pro]1.29 [/FONT]The top ten per cent of pensioners receive at least £17,000 per annum. These are fairly evenly distributed between schemes, though the police and fire services are over-represented (more than a third of police pensioners are in this top ten per cent) and local government is under-represented (four per cent of local government pensions are at this level).
[FONT=Adobe Garamond Pro,Adobe Garamond Pro][FONT=Adobe Garamond Pro,Adobe Garamond Pro]1.30 [/FONT][/FONT]The top one per cent, receiving at least £37,000 per annum, is dominated by the NHS, which represents almost two thirds of the pensions paid at this level or above – mostly long-serving doctors. The NHS continues to be strongly represented in the top 0.1 per cent and top 0.01 per cent of the distribution. About one in six judicial pensioners receives over £67,000 per annum, placing them in the top 0.1 per cent of the distribution of public service pensions.
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michelle1506

Thanks Justin,

Last time I looked my pension was forecast at about 6k at retirement age. Honestly what a load of fuss!!

Have to work at LEAST 40 yrs to get very much and even then it's not that great!

Koicarp

For DSHart and Clapton the 3.1bn figure is from p23 of Hutton's interim report, and refers to the four largest schemes- as the NHS, LGPS and teachers appears to have more paid in than paid out (currently) I am assuming that the 3.1bn goes into the civil service pension scheme?

Geoffo_M

What has really annoyed me is how Cameron has backed down & offering them far more generous pensions now. I would like to see him take it off the table if they carry on with this irresponsible strike action. New Labour tried it & backed down as soon as the unions said no. Be strong "Call me Dave" & see it through, just like you have with all the other cuts. If they don't like it, get rid of 'em, there's a lot of people would be grateful for a job nowadays!

michelle1506

I wonder where some of you people would be without public sector workers?? Never even born that's where! Ungrateful lot!!:mad:

J_i_m

I don't think it has anything to do with being ungrateful... There are a few too many mythical ideas about who is paying for who but what it boils down to is that society is in general a bit uneven. This often breeds ill feeling and many distorted ideas of entitlement.

I've worked in both the private and public sectors and at no time have I felt that I was bankrolling the otherside. I never chose my job based on what sector it was in or even for the pension benefits, for me I took a job which available to me. It's not my dream ticket yet not many people get their dream jobs to earn a living... but we all have earn money to pay our bills somehow.

The_Angry_Jock

michelle1506 wrote: »

I wonder where some of you people would be without public sector workers?? Never even born that's where! Ungrateful lot!!:mad:

I wonder where some of you people would be without private sector workers?? Never even born that's where! Ungrateful lot!!:mad:

BobQ

Geoffo_M wrote: »

What has really annoyed me is how Cameron has backed down & offering them far more generous pensions now. I would like to see him take it off the table if they carry on with this irresponsible strike action. New Labour tried it & backed down as soon as the unions said no. Be strong "Call me Dave" & see it through, just like you have with all the other cuts. If they don't like it, get rid of 'em, there's a lot of people would be grateful for a job nowadays!

If he did that I suspect it would be good for union recruitment. The whole idea of putting it on the table was to convince people not to support the strikes.

dshart

michelle1506 wrote: »

I wonder where some of you people would be without public sector workers?? Never even born that's where! Ungrateful lot!!:mad:

I wish people would get away from the idea that this is about "us and them" argument. It is not about whether we need a public sector or a private sector, or who works harder or brings more to the economy. The argument is about the hole in the countries finances and how part of the effort to reduce that deficit is to bring public sector pensions to more realistic levels.

The only reason I use private sector pensions to compare is to show the inequality so public sector workers can see how well off they are with their guaranteed pensions.

The simple fact is that if something is not done regarding the country's debt it will be worse for all of us in the long run, and the longer we put off doing something about it the harder it will be to correct.

Everyone should fight for the best conditions they can get but at the end of the day it should not be to the detriment of the country's finances. In the private sector it is realised that we could push for unrealistic wage rises and pension provisions but to what gain if it pushes the company to bankruptcy.

Old_Slaphead

michelle1506 wrote: »

I wonder where some of you people would be without public sector workers?? Never even born that's where! Ungrateful lot!!:mad:

Medicine, food, fuel to keep you warm, housing to protect you from the elements etc etc. We may not have been born but, for the few short years you managed to survive without private industry, life would be very grim.

We need both public & private and a fair and equitable share of the national wealth to each. Far too much is being spent by the government and it's strangling the 'milsch cow' private sector.