Public sector pay freeze/Inflation calculation

Tromking

westernpromise wrote: »

For that reason I quite fancy blagging a public sector job for the last say 5 years of my working life. As you say, average / final = no difference. Although I'd presumably only get 5/60ths of the gold-plated pension, that would be fair because in effect my retirement would start the first day of "work" in the public sector. Turn up at 9, leave at 5, an hour for lunch and do your own stuff all day. I know someone at a government agency who wrote a novel in work time. In effect it's just a free office and nobody is ever sacked.

Plenty of room for anyone and everyone in my frontline public sector role. Although with your preconceived ideas on what constitutes a normal working day, I don't think you could hack it.

JoeCrystal

westernpromise wrote: »

For that reason I quite fancy blagging a public sector job for the last say 5 years of my working life. As you say, average / final = no difference. Although I'd presumably only get 5/60ths of the gold-plated pension, that would be fair because in effect my retirement would start the first day of "work" in the public sector. Turn up at 9, leave at 5, an hour for lunch and do your own stuff all day. I know someone at a government agency who wrote a novel in work time. In effect it's just a free office and nobody is ever sacked.

That was my intention to find a job with much better pension benefit as well few years down the line if DB pension is still around. It is not 5/60 though, Civil Service accrual rate is 1/43.1 so for five years, you can build up 11% of the pay instead and you can always buy additional pension up to £6,500 as well. I mean, if you are 60 and you want to buy £6,500 added index-linked pension just yourself, it would cost a lump sum of £92,000 or so.

chucknorris

westernpromise wrote: »

For that reason I quite fancy blagging a public sector job for the last say 5 years of my working life. As you say, average / final = no difference. Although I'd presumably only get 5/60ths of the gold-plated pension, that would be fair because in effect my retirement would start the first day of "work" in the public sector. Turn up at 9, leave at 5, an hour for lunch and do your own stuff all day. I know someone at a government agency who wrote a novel in work time. In effect it's just a free office and nobody is ever sacked.

Yes, almost anyway, actually 5/57th, and you could buy an additional £6.5k worth of annual pension at a good price on top of that. It is up to you if you want to work 9 to 5, but personally I usually try to be the best that I can be, in the things that I do (work, sport, etc.), which means not simply working/striving to a set time, it involves doing what is required to achieve that objective.

Nick_C

westernpromise wrote: »

Only the good people could, leaving only the bad.

Some good staff remain, but it's clearly easier for the best staff to leave, and this is damaging the public sector.

westernpromise

Tromking wrote: »

Plenty of room for anyone and everyone in my frontline public sector role. Although with your preconceived ideas on what constitutes a normal working day, I don't think you could hack it.

That I have a preconceived idea of a public sector working day is just your own preconceived idea. My impression of the working hours of the body in question is wholly empirical and based on observation of what time they are at their desks, when it's too early or too late in the day to speak to them, the timestamps on their outbound emails and on the read receipts I get back when I send them one, their track record in actually opening files of information we send them via our secure gateway (we get a message when that happens, which is rarely), and their preferences for meetings at our offices to start at 3 and end at 4.00, so they can go straight home afterwards instead of returning to the office "because there's no point".

And here is a complete list of every regulator who lost his or her job after 2008 for not regulating the financial industry properly:

And here is a list of every public sector hospital employee who lost his or her job after 1,200 patients were found to have died in squalor at Stafford Hospital, of starvation, thirst, or a disease they didn't have when they went in:

Here's a list of every police officer who faced charges for shooting an electrician 7 times in the face on a Tube train and then lying about it:

Here's a list of every staff member at the Charities Commission who lost their job after Kid's Company collapsed or after Olive Cooke took her own life after received 3,000 mailings for money from charities:

Here's a list of all the public sector employees who lost their jobs at Alder Hey hospital after they harvested 2,000 organs from 850 babies without consent:

And here's a list of all the heart surgeons in Bristol who lost their jobs as a result of increased infant deaths from inept cardiac surgery:

But yeah, I'm sure it's really tough in the public sector. Perhaps the reason their productivity is so poor is because they're so busy being accountable.

westernpromise

Nick_C wrote: »

Some good staff remain, but it's clearly easier for the best staff to leave, and this is damaging the public sector.

Really? It's generally rubbish regardless. We should keep cracking down on their pay - those who are any good will get more productive jobs in the private sector, and those who stay will have demonstrated that they were overpaid before.

westernpromise

JoeCrystal wrote: »

That was my intention to find a job with much better pension benefit as well few years down the line if DB pension is still around. It is not 5/60 though, Civil Service accrual rate is 1/43.1 so for five years, you can build up 11% of the pay instead and you can always buy additional pension up to £6,500 as well. I mean, if you are 60 and you want to buy £6,500 added index-linked pension just yourself, it would cost a lump sum of £92,000 or so.

Which is stupendous value, because to buy an annuity that paid that, you'd need at least £200,000.

JoeCrystal

westernpromise wrote: »

Which is stupendous value, because to buy an annuity that paid that, you'd need at least £200,000.

Indeed, that is the point I was making and something I will certainly bear in mind in the future.
It is even better value, if you are nineteen year old staff on CS, then it would cost only a lump sum of £29,000 to get added £6,500...

MataNui

The OP has lost out on nothing in comparison to the rest of us. My wife works in a lower end public sector job with a direct private sector equivalent. Even after the 10 year pay freeze she still earns significantly more than the private sector worker doing the same job. Thats in simple take home terms. If you also include the pension, long holiday entitlement, sick pay and other benefits then its clear how a lot of people regard public sector jobs as cushy.

public sector workers love to bleat on about the pay freeze and how they are missing out but at the lower end of the scale they have always and still are onto a very good thing. Not so clear in the middle though. Mid level professional jobs definitely seem to be better off in the private sector.

Tromking

westernpromise wrote: »

That I have a preconceived idea of a public sector working day is just your own preconceived idea. My impression of the working hours of the body in question is wholly empirical and based on observation of what time they are at their desks, when it's too early or too late in the day to speak to them, the timestamps on their outbound emails and on the read receipts I get back when I send them one, their track record in actually opening files of information we send them via our secure gateway (we get a message when that happens, which is rarely), and their preferences for meetings at our offices to start at 3 and end at 4.00, so they can go straight home afterwards instead of returning to the office "because there's no point".

And here is a complete list of every regulator who lost his or her job after 2008 for not regulating the financial industry properly:

And here is a list of every public sector hospital employee who lost his or her job after 1,200 patients were found to have died in squalor at Stafford Hospital, of starvation, thirst, or a disease they didn't have when they went in:

Here's a list of every police officer who faced charges for shooting an electrician 7 times in the face on a Tube train and then lying about it:

Here's a list of every staff member at the Charities Commission who lost their job after Kid's Company collapsed or after Olive Cooke took her own life after received 3,000 mailings for money from charities:

Here's a list of all the public sector employees who lost their jobs at Alder Hey hospital after they harvested 2,000 organs from 850 babies without consent:

And here's a list of all the heart surgeons in Bristol who lost their jobs as a result of increased infant deaths from inept cardiac surgery:

But yeah, I'm sure it's really tough in the public sector. Perhaps the reason their productivity is so poor is because they're so busy being accountable.

Your empirical observations seem to be based on office based roles within the public sector, in that case I bow to your experience.
Again, loads of stonkingly good Civil Service pensions currently available in the Prison Service if you fancy testing yourself.
According to you, it’s office hours only , no accountability, do your own stuff all day and the ability to write a novel or two and get paid for it.
Why wouldn’t you?