another pension increase for police!

Andy_L

longleggedhair wrote: »

LottieLou wrote: »

I know its frightening!!! Now excuse me im just filling in the form to join the police!!

(Un)fortunatly (depending on your point of view) that's the old scheme that hasn't been avaliable for new joiners for ~6 years.

Andy_L

LottieLou wrote: »

A retirement 'grant'?!

A pension lump sum - a fairly standard part of Final salary pensions.

LottieLou

Andy_L wrote: »

A pension lump sum - a fairly standard part of Final salary pensions.

I know, just wording it as a grant made me imagine a well dressed man presenting said retiree with a breifcase with 120k in saying ' congratulations I hereby grant you a pension.



Nhs final salary schemes stopped the lump sum option 3/4 years ago (rightly so if its to survive at all, I think)

jem16

LottieLou wrote: »

Nhs final salary schemes stopped the lump sum option 3/4 years ago (rightly so if its to survive at all, I think)

It's not really any different. Previous scheme of 1/80ths with automatic lump sum is exactly the same as 1/60ths scheme where you have to commute some pension to get the lump sum.

Paul_Herring

The_Angry_Jock wrote: »

michelle1506 wrote:

Police Officers should not be immune. ALL workers are suffering (I am one of them!). WHY should they be any different??

Fixed that for you.

Not really, you didn't. The private sector has been 'suffering' for years with little complaint.

But as soon as the public sector has to follow, they start getting shouty about it, threatening to strike etc...

michelle1506

LottieLou wrote: »

longleggedhair wrote: »

My neighbour, who is a very nice chap retired from the police last year aged...wait for it...48! He did his 30 years service, with his retirement grant of £120 k he brought a holiday shack in France and enjoys himself on his £22k pension. QUOTE]

I nearly choked on my cup of tea!! I can not believe this! :eek:

A retirement 'grant'?! good for him, but I do wonder if very lucky people like him have even stopped to consider its impact on the younger generation of hard workers.

Believe it! It's true! Did his thirty years, gets a lovely lump sum (worth a lot of dosh), and then a nice fat pension! They get plenty more then that when a serving police officer, especially when they work in London!

Still that's all changing now....:j

michelle1506

Paul_Herring wrote: »

Not really, you didn't. The private sector has been 'suffering' for years with little complaint.

But as soon as the public sector has to follow, they start getting shouty about it, threatening to strike etc...

???? Really???? If you say so Paul...

bigfreddiel

longleggedhair wrote: »

My neighbour, who is a very nice chap retired from the police last year aged...wait for it...48! He did his 30 years service, with his retirement grant of £120 k he brought a holiday shack in France and enjoys himself on his £22k pension.

well why don't you join the police and you too could retire at 48 with a nice lump sum and pension - or join the public sector and retire at 60 on just the same t&cs.

i'm guessing its too late now but that option was always available -maybe you just didn't know or couldn't be bothered to find out about this type of work - let us know - i'm sure the answer would be most illuminating.

fj

longleggedhair

bigfreddiel wrote: »

well why don't you join the police and you too could retire at 48 with a nice lump sum and pension - or join the public sector and retire at 60 on just the same t&cs.

i'm guessing its too late now but that option was always available -maybe you just didn't know or couldn't be bothered to find out about this type of work - let us know - i'm sure the answer would be most illuminating.

fj

Well my friend...at the grand age of 24 I have not had much time to acrue one of these lovely pensions, however as it happens I am a member of the local government pension scheme.

Paul_Herring

michelle1506 wrote: »

???? Really???? If you say so Paul...

Just because you appear to work in the public sector yourself, it doesn't mean you can pretend to turn a blind eye to the difference in reaction between the public and private sectors when it comes to wage freezes, declining pensions benefits, reduced working hours and all the other effects of the recession

Unless, of course, you can point to stories about mass-strikes from the private sector when the recession started to bite them in 2008/9, in contrast the the shouty unions in 2011/12 with teachers unions, and council workers and NHS staff bleating.

I eagerly await your own links for the private sector...