Secret Steal Of Our NI Contributions

sharnad

zagfles wrote: »

Public sector pay is higher. Public sector pensions are higher. What are you :rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:about?

keep talking about something you know nothing about its :rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:

zagfles

BobQ wrote: »

You appear to have a real downer on public sector workers?

Err..no. I just think they have a good deal where it comes to pensions, and the state pension changes. Why does that as an opinion mean I have a "downer"? I also think I get a good deal out of the state pension changes (for various reasons) so does that mean I have a downer on myself :rotfl:

Final Salary Pensions are being phased out of the public sector from 2015 not just for new staff but for existing staff (apart from some who are close to retirement). The civil service did this almost a decade ago.

Still salary related schemes, much better than money purchase schemes which the vast majority of private sector employees are now in.

zagfles

sharnad wrote: »

keep talking about something you know nothing about its :rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:

Let us know when you want to contribute anything to the discussion.

DecentLivingWage

It will take a while for the downer on public sector workers to hit home - ie when we go into hospital or a loved one does, and are shocked to find patients unwashed, unfed and 'looked after' by surly untrained threatening 'jobseekers' who are being forced to be there for benefits. By the time we all wake up to what's going on, we ll be too ill to do anything about it and will be at the mercy of whoever's there that day. Be careful what you wish for...

CLAPTON

DecentLivingWage wrote: »

It will take a while for the downer on public sector workers to hit home - ie when we go into hospital or a loved one does, and are shocked to find patients unwashed, unfed and 'looked after' by surly untrained threatening 'jobseekers' who are being forced to be there for benefits. By the time we all wake up to what's going on, we ll be too ill to do anything about it and will be at the mercy of whoever's there that day. Be careful what you wish for...

mid staffs occurred at a time when the NHS was rolling in money
so yes it's certainly worth being careful what you wish for...

money doesn't make more caring people, otherwise we would all wish bankers were looking after us.

coastline

Thrugelmir wrote: »

Browns judgement was that share prices would continue to rise. Overlooking the fact its dividends that provide the majority of the return not the share price. An undisputed fact since records begun.

There seems to be an opinion that Brown destroyed the pensions market...not that I'm defending it but surely its only part of it.
Sounds like many were blaming Brown for a worldwide stock market crash....and the endowment mortgage problems.
The fund still receives the share dividend but not the tax on it...10% or 20% ??....so a 4% dividend still pays 3.6% or 3.2%.?
Theres a few reasons why private funds have closed down...as posted earlier...pension holidays by employers is one as funds werent topped up.
Since the 1970's companies have moved work abroad and sacked the UK workforce using the pension funds as a redundancy vehicle for the over 50-65 yo workers.
As a result the schemes have been closed or transferred to stock market linked products...there simply wasn't the workforce to continue effectively.
We have a situation today where people compare the public and private sector pensions...millions would have been in similar final salary schemes if companies hadn't moved abroad.
We have a government telling the general public to save for retirement yet just 30 years ago it was all in place for millions of workers.
Maybe employees pension funds should be "totally portable" then they can take it with their next job instead of a mix of bits and pieces and fees.
I honestly believe the governments latest attempt at pension reform and savings is to try and keep people out of benefits in the future....even if they have £50 a week extra it will help.

grizzly1911

coastline wrote: »

I honestly believe the governments latest attempt at pension reform and savings is to try and keep people out of benefits in the future....even if they have £50 a week extra it will help.

Whether it is deliberate or not I tend to agree that will be the result for many.

No doubt fund managers will reap the benefit.

If you try and save independently you will still loose out to the debt junkies as we are seeing at present.

sharnad

zagfles wrote: »

Let us know when you want to contribute anything to the discussion.

you certainly wont be able to as you dont have a clue what you are talking about

DecentLivingWage

grizzly1911 wrote: »

Whether it is deliberate or not I tend to agree that will be the result for many.

No doubt fund managers will reap the benefit.

If you try and save independently you will still loose out to the debt junkies as we are seeing at present.

Could have disastrous consequences for govt if we all decided, looking at osbornes weak plan and Cyprus, to take all the retirement savings we have and put them abroad in a perceived safe location - such as Germany (apparently the money market newspapers are saying the euro is now 'indestructible!.' At least with NI the money stays here?