It's not just the public sector....

michaels

Link :http://www.bbc.co.uk/news/business-16419888

My employer pays a fairly generous 9% on top of my salary in pension, BUPA etc but nothing like the 30% that the public sector pensions would cost so I guess the value of my pension will be less than a third that of a public sector worker and if I were to salary sacrifice 20% of what I earn to get the equivalent pension I would definitely be earning considerably less than someone in the public sector doing the same job with the same number of years experience and I work longer hours and get less leave...hang on a minute, what on earth am I doing working for the private sector?!

treliac wrote: »

No, haven't seen that. How is this calculated, as the costs must vary according to how much / whether a particular pension is employee contributory or not?

RenovationMan

ILW wrote: »

That is because I (for one) am not forced to pay towards Unilever employees pensions, so it in none of my business.

This is my bugbear. I have to pay into my pension and then pay into someone else's too.

heathcote123

ruggedtoast wrote: »

Public sector workers will stand shoulder to shoulder with unilever employees in their struggle against an unaccountable elite for a fair retirement.

No it's really not. I can choose whether I want to buy Marmite or not.

ILW

RenovationMan wrote: »

This is my bugbear. I have to pay into my pension and then pay into someone else's too.

I fail to understand why public sector employees do not understand why that annoys people.

heathcote123

treliac wrote: »

We all benefit from public services too.

From some public services. And do we get value for money for them?

Generali

RenovationMan wrote: »

This is my bugbear. I have to pay into my pension and then pay into someone else's too.

And on top of that you're currently paying the pensions of public sector workers who were working before you were born (presumably).

RenovationMan

Generali wrote: »

And on top of that you're currently paying the pensions of public sector workers who were working before you were born (presumably).

And if I really go to town with my retirement savings and end up paying tax, I'll be paying for the pensions of those behind me too.

With so many private sector FS pensions being closed to new entrants, and new pensions being money purchase, isn't it about time the public sector followed suit? At least they will then be fully funded and not a drag on future generations who will already be bogged down with massive student loans and high house prices.

Road_Hog

ruggedtoast wrote: »

Public sector workers will stand shoulder to shoulder with unilever employees in their struggle against an unaccountable elite for a fair retirement.

Can I have my 25% back please? I'm happy to fund my own pension and I don't expect you to pay towards it, but why do I have to fund your gold plated pension?

Are you getting the message that private sector workers are fed up of your whinging, striking and moaning about your pension?

Graham_Devon

RenovationMan wrote: »

This is my bugbear. I have to pay into my pension and then pay into someone else's too.

I absolutely bet you that your pension wouldn't be worth anything without the public sector.

So it's a bit silly to look at it from the viewpoint you have done.

Without the public sector, there would be no regulations surrounding pensions. Therefore, yours would be worthless at best.

No public sector = no government. No government = no regulation.

CLAPTON

it's about time that all salaries were quoted gross i.e. including basis salary, employer pension payments, benefits in kind, bonuses etc and then were would be less nonsense about private sector paying for public sector pensions (which of course they do, just as they also pay for public sectors workers food, boozing, housing, holidays, gym membership, cloths etc etc.)