worst pension ever

rob404uk

When you say wider audience, I presume you mean non teachers. What stopped them being teachers if they really aspired to be. I have gathered this may be only a debate I would win around the staff room table. Thanks for the replies, banter never taken to heart. Everyone here Must read the sun

hyubh

'Worst pension ever' - ha ha, you almost had me there! Good wind up - the 'teacher' bit was for atush, the contribution bit for kidmugsy, and the death in service bit for Father Abraham, right?

jem16

rob404uk wrote: »

I have gathered this may be only a debate I would win around the staff room table.

Not if you were around my staffroom table you wouldn't.

sheffield_lad

The op must be having a laugh, op I have a defined pension with my employer (Ftse 100), I pay 9% for 1/67th I am not sure what you get but I am sure it's a dam site better than mine.

rob404uk

sheffield_lad wrote: »

The op must be having a laugh, op I have a defined pension with my employer (Ftse 100), I pay 9% for 1/67th I am not sure what you get but I am sure it's a dam site better than mine.

I am sure the posts will move many times by the time I near 68

whitesatin

I don't know why teachers post on here, to be honest. As soon as the fact that they are a teacher is mentioned, it seems to bring out all sorts of hostilities, jealousy etc. Invariably there is someone waiting for a spelling error.

I taught for years and am now in receipt of my pension, which I took when I was 57. I knew very little about the scheme as it wasn't the focus of my working life. I taught students with special educational needs and all my efforts went into that. I left teaching early as I felt that I no longer had the energy required to be on top form. Most teachers I worked with were the same, no real interest/appreciation of what pension they would receive.

I have a friend who still teaches and never gives a thought to her pension. She wasn't aware that she could claim her State Pension so she hasn't done it yet. She has not deferred it on purpose. Not everyone is that into the whole pension thing. Contrary to belief, teachers are not discussing their pensions that much during a school day. Recent changes have probably caused more teachers to think about it now.

My husband retired three years ago, when he was 51. He worked in the private sector and his pension is a lot more than mine is - his was a two thirds of his final salary pension. He had a few more years contributions than I did, but not that many. Teacher's pensions may be considered to be good but there were obviously better ones.

I suppose I should go back and read this again, check for errors etc., but I am not going to.

sheffield_lad

rob404uk wrote: »

I am sure the posts will move many times by the time I near 68

Yes in the real life with the rest of us!!

Welcome to the real world, I started a pension at 28, final salary retire from 55-65, GONE just had a letter saying final salary pensions are too expensive. No one I mean no one disagreed we knew it was coming. We are not NUTters with banners lol. Same with the retirement age it may have escaped your notice but it's 68 for a state pension.

nearlyrich

I have a close relation who is a teacher she is doing nothing but moan about how hard done to she is, another relative again a teacher is just 50 and she has just taken early retirement. I have paid in a lot of my salary to private schemes over the years and when I started I could retire at 50, now I can't take my benefits till I am 55 and my state pension has moved from 60 to 68.

If I retire at 55 I won't get anything like a teacher's pension from my 10% contributions over many years but nobody cares and that's why teachers moaning about how hard done to they are get short shrift. The problem is most teachers have only been to school, college and back to school, they don't have any idea how the rest of us have to provide for ourselves.

bigfreddiel

rob404uk wrote: »

... it does seem unfair.....

lifes unfair - time we all realised that

didn't see anyone say it was unfair when the gov reduced ni contributions from 40yrs to 30yrs!

okay its gone back up to 35yrs - how unfair

cheers

fj

whitesatin

nearlyrich wrote: »

I have a close relation who is a teacher she is doing nothing but moan about how hard done to she is, another relative again a teacher is just 50 and she has just taken early retirement. I have paid in a lot of my salary to private schemes over the years and when I started I could retire at 50, now I can't take my benefits till I am 55 and my state pension has moved from 60 to 68.

If I retire at 55 I won't get anything like a teacher's pension from my 10% contributions over many years but nobody cares and that's why teachers moaning about how hard done to they are get short shrift. The problem is most teachers have only been to school, college and back to school, they don't have any idea how the rest of us have to provide for ourselves.

I often wonder why more people didn't opt to train as teachers, considering what an easy option it is. All those perks!

For the record, I trained after doing a series of other jobs so I think I knew a bit about providing for myself. There were quite a few mature students on my course.

Back to the original subject, I know it must be difficult with the pension situation for so many people, in all types of jobs.