LGPS changes who has interpreted it the right way

kidmugsy

jem16 wrote: »

Do change the record please. ( or should I say CD nowadays?)

Somebody has to pay, Jem, yet many discussions completely overlook the fact. They talk as if unicorns supplied the money, or Santa.

kidmugsy

jem16 wrote: »

Perhaps for the younger generation.

However I think record is still appropriate for kidmugsy.

Pah! Phonograph cylinder!

rpc

kidmugsy wrote: »

Somebody has to pay, Jem, yet many discussions completely overlook the fact. They talk as if unicorns supplied the money, or Santa.

But that's the problem with all public spending. Spend money here, don't cut spending here, cut taxes here. OK, but the magic money tree is bare so where do we fund that from?

Our Dear Leader in Scotland has just spent a day telling us that he can increase spending, cut taxes and drastically cut the deficit all at the same time. And you wonder why most people don't take politicians seriously...

CharlieRabbit01

hyubh wrote: »

How much hand-holding do you expect? The LGA has a national website (with videos!) - https://www.lgps2014.org - and administrators (pension departments) up and down the land are currently doing roadshows to employees and employers alike.

I thought I was right but if enough people tell you some thing different you begin to doubt yourself a bit.

We don't have a talk until February.

CharlieRabbit01

rpc wrote: »

But that's the problem with all public spending. Spend money here, don't cut spending here, cut taxes here. OK, but the magic money tree is bare so where do we fund that from?

Our Dear Leader in Scotland has just spent a day telling us that he can increase spending, cut taxes and drastically cut the deficit all at the same time. And you wonder why most people don't take politicians seriously...

A serious case of tell people what they want to hear and hope they aren't smart enough to see through it.

CharlieRabbit01

kidmugsy wrote: »

Pah! Phonograph cylinder!

now we really are going back in time.

I think i'll stick to my MP3's and my records which i couldn't change as I dont have a record player.

jem16

kidmugsy wrote: »

Somebody has to pay, Jem, yet many discussions completely overlook the fact.

Of course someone has to pay just the same as any company pension fund. There are very few discussions happening on here with any closing DB scheme that wonders how it will be paid.

People are on here for help in understanding what is happening with their pension. Many simply don't understand and many have been fed rumours from various sources that are just plainly wrong.

People just don't need it continually shoved down their throats about the taxpayers paying their pension. The same happens with any company pension - the shareholders pay for it. I'm pretty sure that you, me and many more people are paying the pensions of many companies.

As I said before, change the record, phonograph or whatever audio medium you prefer.

Southend1

As a taxpayer I am more than happy for public service workers to receive a decent pension entitlement. That is the kind of country I want to live in. I.e. One where we look after each other and older people can retire in dignity at a reasonable age. Instead of moaning about how good these pensions are, why aren't we all jumping up and down demanding decent pensions for private sector employees too?

FatherAbraham

Southend1 wrote: »

As a taxpayer I am more than happy for public service workers to receive a decent pension entitlement.

But it's quite some way more generous than "decent". As time goes by, it looks more and more astoundingly generous.

I'm not sure why "public service" workers are so special, compared to the rest of us. They expect to be paid. The "public service" aspect really refers to who's providing the revenue for the jobs to be done -- various bits of previously "public service" work have been outsourced or taken in-house over the years.

Taking pensions contributions into account, they do seem to be rather overpaid (albeit in a deferred way) compared to the rest of us.

Southend1 wrote: »

That is the kind of country I want to live in. I.e. One where we look after each other and older people can retire in dignity at a reasonable age. Instead of moaning about how good these pensions are, why aren't we all jumping up and down demanding decent pensions for private sector employees too?

I expect it would cause colossal inflation, if wages generally were to rise so much. Not good for those who've saved up; great for those who gear up on debt to buy stuff.

I'm not so bothered about protecting the privileges of public-service workers -- the point is that public services should be provided as a common good. Somehow the workers seem to have slipped themselves into the role of being themselves especially worthy. Long-term, that's fatal for public services, because they'll just become starved of cash as the pensions deficit balloons.

They're just workers, sibling. Nothing special. Not saints. Not volunteers. As good as us non-public-service workers. Not better.

Warmest regards,
FA

Southend1

FatherAbraham wrote: »

But it's quite some way more generous than "decent". As time goes by, it looks more and more astoundingly generous.

I'm not sure why "public service" workers are so special, compared to the rest of us. They expect to be paid. The "public service" aspect really refers to who's providing the revenue for the jobs to be done -- various bits of previously "public service" work have been outsourced or taken in-house over the years.

Taking pensions contributions into account, they do seem to be rather overpaid (albeit in a deferred way) compared to the rest of us.



I expect it would cause colossal inflation, if wages generally were to rise so much. Not good for those who've saved up; great for those who gear up on debt to buy stuff.

I'm not so bothered about protecting the privileges of public-service workers -- the point is that public services should be provided as a common good. Somehow the workers seem to have slipped themselves into the role of being themselves especially worthy. Long-term, that's fatal for public services, because they'll just become starved of cash as the pensions deficit balloons.

They're just workers, sibling. Nothing special. Not saints. Not volunteers. As good as us non-public-service workers. Not better.

Warmest regards,
FA

You can rant about public service workers not being "special" all you like. I never said they were. I said we all deserve to be treated fairly and have the chance for a decent retirement, no matter what job we do or for whom we work.

Your race to the bottom mentality isn't healthy. That's not the kind of aspiration I have for future generations. We are supposed to live in one of the richest countries in the world, yet we condemn millions of working poor and older people to survive through charity handouts and freeze to death in winter.

Why not look at it the other way around? It's great that some employees have decent pension provision. Let's campaign to extend that to all employees.