What will happen when I retire?

kidmugsy

CLAPTON wrote: »

the cost of the exorbitantly expensive defined benefit schemes are expected to be about 1.8% of gdp.
what do you think they should be?

Ah "expected", wonderful isn't it - what disinterested and all-seeing expert can forecast this? Why not stop accrual to those schemes, put the employees on auto-enrolment, and pay them whatever extra proves to be necessary to attract and retain? By moving potentially unlimited govt expenditure in the future into actual expenditure now, we'd see the cost properly without any need to 'expect" anything.

whitesatin

CLAPTON wrote: »

I've no idea whether you read that or not; however it's totally untrue.

I do hope you are right. I remember now, it was read out to us in the staffroom by the Head Teacher. Not too sure what the purpose was but, as I said, I have lost a good few teacher friends who have died too young. Not saying it was teaching related, of course, it's just that they were teachers.

seven-day-weekend

whitesatin wrote: »

I do hope you are right. I remember now, it was read out to us in the staffroom by the Head Teacher. Not too sure what the purpose was but, as I said, I have lost a good few teacher friends who have died too young. Not saying it was teaching related, of course, it's just that they were teachers.

I'm glad my husband retired from teaching at 55!

whitesatin

seven-day-weekend wrote: »

I'm glad my husband retired from teaching at 55!

I am glad I retired early too, at least I have had some of my contributions back, LOL.

level200

bigfreddiel wrote: »

i'm not being funny but i really worry about our kids education when i see teachers asking this type of question - no offence john, but i sure hope you're not teaching life skills or any work oriented courses, and at your age and obviously well educated you should know the basics of your pension and of the state pension - it's all been in the news for the past 3 years what with changes to teacher pension scheme, raising of state pension age and now the flat rate state pension that you will be receiving.

cheers

fj

Apparently as I teach art I should be an expert in everything. I'm sorry how dare I ask a question!

seven-day-weekend

level200 wrote: »

Apparently as I teach art I should be an expert in everything. I'm sorry how dare I ask a question!

Nothing wrong with asking a question, however it might be nice to thank the people who have tried to help you instead of just mentioning the one who didn't!

level200

I agree. But only just had chance to log on during my lunch break. I will be having a good read when I get home. in the time being Thanks you guys for all your help regarding my question. I asked it because I have head and read lots of confusing information about what might happen to future pensions. One other quick question that I have is if the government stop state pensions for those in a private pension such as teachers, what happens to the money from national insurance that I have been paying into so that I get a state pension?

Again thanks for your help

atush

level200 wrote: »

Apparently as I teach art I should be an expert in everything. I'm sorry how dare I ask a question!

You may teach art and not maths, but as I can see you have computer skills, all this is easy to find online on the govt webistes and elsewhere.

And yes, we don't bash teachers here (constantly telling new ones to join the scheme) but we do think of you as educated (you need at least gcse math surely?) so are always surprised (and yes a wee bit concerned) at such easily answered Q's.


I can only think that bit the Head read out was from a union leaflet. They aren't real big on factual evidence.

atush

level200 wrote: »

I agree. But only just had chance to log on during my lunch break. I will be having a good read when I get home. in the time being Thanks you guys for all your help regarding my question. I asked it because I have head and read lots of confusing information about what might happen to future pensions. One other quick question that I have is if the government stop state pensions for those in a private pension such as teachers, what happens to the money from national insurance that I have been paying into so that I get a state pension?

Again thanks for your help

Well, NI doesn't JUST pay for pensions. I think there is still free health care too ;-)

whitesatin

atush wrote: »

You may teach art and not maths, but as I can see you have computer skills, all this is easy to find online on the govt webistes and elsewhere.

And yes, we don't bash teachers here (constantly telling new ones to join the scheme) but we do think of you as educated (you need at least gcse math surely?) so are always surprised (and yes a wee bit concerned) at such easily answered Q's.


I can only think that bit the Head read out was from a union leaflet. They aren't real big on factual evidence.

Probably re the union leaflet, I will never know.

Re looking up info instead of asking on here, surely that would deprive all the helpful people from airing their expert knowledge or pontificating as they will.