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Current a level students won't get a pension till 77... Lets cut boomers pensions NOW
Comments
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exarmydreamer wrote: »Rubbish, you and I know your contributions are safe and can not be touched. I'm an ex- pay administrator, who dealt with forces pensions.
Your pension is only effected by your other personal income in future and that's your choice, and you would have to earn an awful lot and it is capped at a reasonable level. Remember, forces pensions have not been taken from your pay. They were automatically given (before tax and not a salary scheme), so never effected your pay and you never lost out. A good deal compared to other Civil servants, who have it taken out of their pay. You will only pay tax on it when you receive it, (just like everyone else) and pay the rate at which your income is assessed on retirement.
So easy to pick a group of people to blame, as long as your OK, agreed.
Hello Shiney!
Want to explain where my 6% X factor pay abatement went then and why those currently serving arent getting a pay rise to account for the major change in their T+Cs without any advance option of leaving?You couldn't hack the RAF long enough to claim your pension (on leaving), as an officer you left to soon. Were you pushed or took redundancy?, pension changes were about April 2006.
I did neither. I left (Option terms) and ended up getting more pay and a better settlement than I would have than staying round for the mad house its become. As a pongo, you have little understanding of other service pay scales and in particular our specialist pay scales that can have you on more pay than 2 ranks up.0 -
exarmydreamer wrote: »This discussion forum is not just for your political persuasion but for everyone. Accept it, you can't always be right and it takes two points of view to discuss, agreed.
No, not agreed. It's not about political persuasions and points of view it's about the difference between trying to hold an intelligent, reasoned discussion, and on the other hand idiots starting ridiculous, hysterical, confrontational, antagonistic threads and posts just to try to annoy and disconcert others and to large it in general. We don't have to accept that without calling it out, and I for one will not. And by the way they are not all of the same political persuasion anyway.No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
You don't need to be a genius to work out pushing the state retirement age up by 12 years, in the face of reduced standards of living lower GDP, higher inflation and potentially the reduced effectiveness of modern antibiotics is only going one way.... And it doesn't favour my generation, does it?
you will live longer than the boomers, so enjoy
why do you expect living standards to fall? is that your assessment of your generation's inability to innovate and work hard?
inflation is very low; boomers lived with 20% yearly inflation and had the inititative to survive and prosper.
whilst antibiotics may be less effective, your generation will benefit enormously from new medical developments that will give you a long and very healthy live (if you choose a healthy lifestyle of course)
you may want to publicly thank all the boomers for their hard work and investment in science and medicine, from which you are and will continue to benefit. (think MRI scanning, cancer survival rates, treatment for heart problems, organ transplants, reconstructive surgery etc etc)
yes, your generation could enjoy a golden age if you make the right choices and stop whining.0 -
you will live longer than the boomers, so enjoy
That's one school of thought. Another is that many of them will reduce their lifespan by means of excessive alcohol consumption, poor diet, insufficient exercise (thumbs excepted), and use of recreational drugs. Judging by some of these threads and posts a high level of stress may come into play too. So in many cases they may unwittingly solve their own alleged late retirement and inadequate pension issues.No-one would remember the Good Samaritan if he'd only had good intentions. He had money as well.
The problem with socialism is that eventually you run out of other people's money.
Margaret Thatcher0 -
GeorgeHowell wrote: »The universal state pension is as sacred as the NHS. Even though it is funded out of current government revenue, people consider that they have paid in for it via NI like any other pension fund. It is already taxable. No political party will dare mess with it substantially any time soon -- electoral suicide.
I agree fully with what you say George but in our area for example, we have so many part-time employees only working sixteen or less hours per week and unable to get full time employment, because jobs are not being generated at the moment for them, OK they could I believe pay in the difference and qualify for State Pension but many cannot even afford to do that. So is it not then true that they cannot claim a full pension? and end up as many do now claiming benefits.
My reasoning is that the Country would not be able to find the money to pay in full, and will start to water down our reliance upon State Pensions wherby we would have to take out private pension schemes.
Only in my opinion George...;)0 -
you will live longer than the boomers, so enjoy
why do you expect living standards to fall? is that your assessment of your generation's inability to innovate and work hard?
inflation is very low; boomers lived with 20% yearly inflation and had the inititative to survive and prosper.
whilst antibiotics may be less effective, your generation will benefit enormously from new medical developments that will give you a long and very healthy live (if you choose a healthy lifestyle of course)
you may want to publicly thank all the boomers for their hard work and investment in science and medicine, from which you are and will continue to benefit. (think MRI scanning, cancer survival rates, treatment for heart problems, organ transplants, reconstructive surgery etc etc)
yes, your generation could enjoy a golden age if you make the right choices and stop whining.
My job choice cuts my life expectancy by around 5-10 years. thank christ, because the last thing I would have is me dribbling with dementia in my pea soup past my 90th birthday.
The mistake you make is assuming medical technological advances will continue with the same pace that they have. Even if they do, what is to say they will be affordable (they wont) for the NHS to use them, as many treatments are now (NICE determine whether a treatment is affordable or not, not the taxpayer recipient).
As for living standards, with the global population burgeoning towards 9 billion in the next decade, global resources running out (especially energy supplies, key to cheap food and production as anything else, hence future inflation). The difference with boomer generation inflation of course was pay scales increased (generally here, I know there were exceptions) to match that inflation. What we are facing is a decade plus of stagflation with far fewer school leavers able to afford DECENT university education courses (engineering, finance, law etc).
My generation can innovate all it wants. If it doesn't have ready access to the raw materials to innovate with, we are screwed. China above all others will have far more of a say about our quality of life than our own government will, and I predict this will be true within my lifetime. THis is not going to be made any better by socialism which is already dragging down the innovators to pay for other generations financial mismanagement.0 -
GeorgeHowell wrote: »That's one school of thought. Another is that many of them will reduce their lifespan by means of excessive alcohol consumption, poor diet, insufficient exercise (thumbs excepted), and use of recreational drugs. Judging by some of these threads and posts a high level of stress may come into play too. So in many cases they may unwittingly solve their own alleged late retirement and inadequate pension issues.
Ha ha very good george! Seeing as we are into gross generalizations, why not grab a cup of tea and change your bag at the same time! :rotfl:0 -
Hello Shiney!
Want to explain for us all sat on your blunty backside where my 6% X factor pay abatement went then and why those currently serving arent getting a pay rise to account for the major change in their T+Cs without any advance option of leaving?
I did neither. I left (Option terms) and ended up getting more pay and a better settlement than I would have than staying round for the mad house its become. As a pongo, you have little understanding of RAF pay scales and in particular our specialist pay scales that can have you on more pay than 2 ranks up.
Actually I am very aware of RAF pay having served with RAF in NI. and dealt with specialist pay such as pilot/special forces pays etc. I also brought the subject up with Sir Gen Jackson on a visit, how the allowances were not favorable towards the RAF on posting.
I am retired and enjoy my tax free military pension now. So no more a shiny than you and no I have nothing to do with the pension decisions of today and nor do you.:)Mortgage: Aug 12 £114,984.74 - Jun 14 £94000.00 = Total Payments £20984.74
Albert Einstein - “Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.”0 -
There are plenty who start work at 16 and will now work till 77 before state pension entitlement. What age did she start drawing her state pension may I ask? I bet it wasn't 75, or even 77.
Not sure but it will have been whenever the state allowed it - she also gets a small widow's pension from when Dad died. The point is she's entitled to it, having paid into the system for decades to pay the pensions of older generations, just as you and I are paying now. Whether there'll be a state pension around in 20 years when I retire is a moot point; I'm not relying on it and I'm paying into my employer's pension plan."Save £12k in 2019" #120 - £100,699.57/£100,0000 -
Not sure but it will have been whenever the state allowed it - she also gets a small widow's pension from when Dad died. The point is she's entitled to it, having paid into the system for decades to pay the pensions of older generations, just as you and I are paying now. Whether there'll be a state pension around in 20 years when I retire is a moot point; I'm not relying on it and I'm paying into my employer's pension plan.
Oh no don't use that word, our resident moral guardians will be after you :eek:'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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