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TELLIT01

A friend of mine did take this apparently wonderful pension after 40 years of working. She's single and has had to continue working 2 days per week because the pension simply isn't sufficient to live on. As bingo bango said, that gives an indication of the salary staff are on.
When the 1% wage rise was brought in, it was only for people earning under £21k. Anybody earning more than that got nothing. I was shocked to discover that my team leader, who had responsibility for 12 staff got the rise. i.e. That level of responsibility and earning under £21k. My missus was earning more than that in the private sector 15 years ago for similar level of responsibility, and had a damn good pension package.

sangie595

Most of the things you are whinging about are long gone if they were ever there at all. But isn't this just typical? Whine that someone else is better off than you, so they should be as badly off as you. Did it ever occur to you to join a union and fight for better conditions? No? Well then you have what you asked for. And that is the real world.

sangie595

TELLIT01 wrote: »

A friend of mine did take this apparently wonderful pension after 40 years of working. She's single and has had to continue working 2 days per week because the pension simply isn't sufficient to live on. As bingo bango said, that gives an indication of the salary staff are on.
When the 1% wage rise was brought in, it was only for people earning under £21k. Anybody earning more than that got nothing. I was shocked to discover that my team leader, who had responsibility for 12 staff got the rise. i.e. That level of responsibility and earning under £21k. My missus was earning more than that in the private sector 15 years ago for similar level of responsibility, and had a damn good pension package.

As you rightly point out, there had long been a mythology that public sector workers are beret off than private sector ones. As with anything there are swings and roundabouts, but in general it isn't true. That is especially true once you get to any form of management level - even at the lowest levels. Where public sector employment did sometimes "pay off" was at the very lowest unskilled levels of manual work - jobs that in the private sector would rarely have attracted anything like decent holiday or pension provision. Almost all of those jobs are now either privatised, gone, or both.

When the living wage was introduced, public sector organisations had to abolish the lower levels of grades, because they were paying below the living wage on those scales. And the DWP maintains a large office block full of people whose job it is too process them in work benefit claims of civil servants, there are so many earning low wages.

steampowered

Muscle750 wrote: »

a miserly 5% paid by the employer into our present pension scheme

Members of the police officers' pension scheme have to make mandatory contributions into their pension of between 12.44% and 13.78% of their salary.

I imagine other public sector workers who get good pensions have to contribute something similar.

Why don't you contribute that sort of amount into your pension? If you did, you would have the kind of large pot you are talking about.

If on the other hand you do not make personal contributions into your personal pot, that is your choice. You are choosing to take extra money now (a choice not available to public sector workers) in exchange for much less money later on.

SkimmySim

Muscle750 wrote: »

I see the unions have said that the 1% pay increase to public sector workers is a disgrace and left many feeling took for granted. Ive worked for the same company 30 years and last pay rise we had was 10 years ago final salary pension ripped from under our feet at the same time and a miserly 5% paid by the employer into our present pension scheme. Plus we got to work till were ready to drop not take a nice pension at 55 and as ive said before many having more income from their public sector pensions than if they continued working whilst us idiots continue paying for them So tell me all those bleating on their 1% pay increase would you like to join us in the private sector ?..................As i thought so carry on looking forward to a nice pot at 55 to enjoy life with..................we cant

People who complain about public sector workers really grind my gears... The same way you CHOSE to work wherever you work on a measly pay with no benefits for yourself is the same way a public sector worker CHOSE to work where they are... Nobody forced you into that job and no one is forcing you to stay... If it bothers you that much then do something about it but don't blame public workers for your non-improving wage or pension!!

**End Rant**

Muscle750

http://www.express.co.uk/finance/personalfinance/649568/Public-sector-pensions-worth-five-times-more-than-private-sector-pensions

The gap just widens and please dont tell me to change jobs because one day when you breakdown on the motorway or disappear throu the hedge sideways or worse it may well be me at 2 am or any other time to cart your car away and you and your family back home

xapprenticex

Good for them... I'd rather have my youth.

steampowered

Muscle750 wrote: »

http://www.express.co.uk/finance/personalfinance/649568/Public-sector-pensions-worth-five-times-more-than-private-sector-pensions

The gap just widens and please dont tell me to change jobs because one day when you breakdown on the motorway or disappear throu the hedge sideways or worse it may well be me at 2 am or any other time to cart your car away and you and your family back home

Yes. Public sector workers do get better pensions.

But public sector workers are also forced to pay more to get them. For example police officers are forced to contribute at least 12.44% of their salary to their pension scheme.

If you want to get a public-sector style pension, you can do the same. You can tell your employer tomorrow that you want to contribute 12% of your salary to your workplace pension scheme (in addition to the 5% employer contribution).

That will give you a nice pot. Although if you have not been contributing that kind of amount to your pension for a number of years, you will need to make a much larger contribution (perhaps 30% of your salary?) to make up for lost time - after all, if you were in the public sector you'd have been paying 12% of your salary towards your pension for years and years.

agrinnall

Muscle750 wrote: »

http://www.telegraph.co.uk/finance/personalfinance/pensions/12044500/The-public-sector-workers-on-track-for-a-55pc-pay-rise-when-they-retire.html

Would you like anymore info on the points ive made or am i talking complete b@ll@ocks

It certainly wouldn't be the first time. However, in this case you have been taken in by The Telegraph's dubious calculation method: the 55% increase figure applies to someone on a very low salary whose pension includes their state pension entitlement. Their NHS pension pays them rather less than 100% of their salary.

Muscle750

Your missing the point that its the tax payer who is paying the public sector employer contributions which i understand is 12% plus whilst i appreciate the tax payer includes those in the public domain so to speak our private sector employer rate of 5% is why we are alot worse off. Many police retire on a friday at 55 taking the pension which is the money straight off the bottom line of the pot given to the plod by the government each year to police the streets and then return to work on the monday as a "civillian" so to speak doing the same job.There is no such thing as a police pension pot