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pioneer22

I could never work in the public sector again, not for any salary or any number of benefits couldn't stand the culture.

Typically salaries in the private sector are a lot better but not as much holiday/sickness etc.

hyubh

Gavin83 wrote: »

So in my case with the potential to earn 30%-40% more in the private sector you'd suggest I'd be better off in the private sector?

On a raw numbers basis... yes!

Think it's very much down to individual circumstances.

Of course. That doesn't however negate the fact that the pension is a much, much larger part of the total renumeration package in the public sector than it typically is in the private sector.

Some people will be better off in the private sector, some in the public sector. I think it's too much of a blanket statement to suggest one is better than the other.

The only 'blanket statement' I made was to say contemporary public sector pensions are qualitatively far superior to contemporary private sector ones. You may not like Mr Muscle's rhetoric, but that part is simply true.

hyubh

sangie595 wrote: »

I'm actually paying for your pension and wage increase every time I make a payment on my insurance. Just the same as I pay for every other pension in the private sector. It is not my fault if you employers prefer to keep that money for themselves.

Occupational pensions on a DB basis are fundamentally different to ones on a DC basis.

But you really are a wonderful example of Gramscian hegemony...

Hmm, so does this mean middle class public sector bureaucrats are the new universal class or something...?

leslieknope wrote: »

well my retirement age is 68 - maybe soon to be rising. so i doubt i'll be retiring on your dime at 55!!

If you really believe your pension is much of a muchness with Mr Muscle's, you are delusional.

steampowered wrote: »

No.

12% (or more) deducted from the salaries of many public sector workers.

Erm, the average is far south of that. E.g., in the LGPS in England and Wales, someone on £100K pays 10.5%; someone on Mr Muscle's salary would be paying either 6.5% or 6.8%.

FBaby

Just accept that you've chosen the wrong company to work for, end of. My OH works in the private, I work for for a public sector organisation, his pension is much better than mine. He is still on final salary, unbelievable, and that's not counting all the in house benefits that I don't get. He chose much better than I... and clearly you too!

sangie595

hyubh wrote: »

Hmm, so does this mean middle class public sector bureaucrats are the new universal class or something...?

Really? You actually think that working in the public sector is "middle class" or jobs for "bureaucrats"? How old are you? "Middle class nurses and care workers of the world unite" - nah, just doesn't have much of a ring to it.

steampowered

hyubh wrote: »

Erm, the average is far south of that. E.g., in the LGPS in England and Wales, someone on £100K pays 10.5%; someone on Mr Muscle's salary would be paying either 6.5% or 6.8%.

And the employee contribution for police officers is between 12.44% and 13.78%.

I don't know what the average is across the entire public sector. Clearly it depends very much on which part of the public sector we are talking about.

The figures I can find suggest that the average employee contribution to DC private sector schemes is 2% - this is about a third of the employee contribution to the LGPS for someone on £21k. So I think the point remains that people working in the private sector need to pay more towards their pensions if they want a decent retirement.

FredG

If you're so angry about contributing to the pensions of public sector workers, would you be happy to remove that negligible amount from your monthly tax/NI and not benefit from the services they provide?

Gavin83

hyubh wrote: »

The only 'blanket statement' I made was to say contemporary public sector pensions are qualitatively far superior to contemporary private sector ones. You may not like Mr Muscle's rhetoric, but that part is simply true.

The blanket statement comment wasn't really aimed at you. I never suggested pensions weren't better in the public sector, quite the opposite. It's quite clear the pensions are better, my point was that the salaries (except for the lowest paid jobs) are higher in the private sector which Muscle suggested was false. I also don't think they are as good as he is making out, at least in the present era.

In some cases an employee would be better off in the private sector, in some situations they should work in the public sector.

I'm happy to discuss this with you but it's clear Muscle is just out for an argument/a vent and just ignores anything that disagrees with this.

pioneer22 wrote: »

I could never work in the public sector again, not for any salary or any number of benefits couldn't stand the culture.

I agree. It's far too stressful an environment to work in for a number of reasons and the workload is insane. Can't wait to move.

hyubh

Gavin83 wrote: »

The blanket statement comment wasn't really aimed at you. I never suggested pensions weren't better in the public sector, quite the opposite. It's quite clear the pensions are better

Excellent.

I'm happy to discuss this with you but it's clear Muscle is just out for an argument/a vent and just ignores anything that disagrees with this.

For sure, however the rapid flow of replies from public sector workers claiming their pension rights 'aren't that great really' or somehow equivalent to his own rather validates his core point.

AlexBarret

Muscle750 wrote: »

the 1% pay increase to public sector workers is a disgrace and left many feeling took for granted.t

:rotfl:
Of course, it`s a disgrace. 10% I think would be better!:j