Gold plated public sector pensions

Andy_L

Muscle750 wrote: »

"So they cant take pensions off people" What the hell did they do when they ripped our FS scheme from under our feet which we had signed up to? Please enlighten me and everyone else in the private sector who have lost thousands in this scenario

They didn't back date the changes though did they. What you had accumulated to that date wasn't taken off you.

fred246

There were a couple of Muscle750 types in the gym this morning. One of them had been asked to contribute to the retirement present of an excellent teacher who had been at the school for the last 10 years. "No way was I giving any money to her. She was on £100k a year and will have a pension of £70k." I wonder how they come out with such silly figures. Daily Mail?

Andy_L

fred246 wrote: »

There were a couple of Muscle750 types in the gym this morning. One of them had been asked to contribute to the retirement present of an excellent teacher who had been at the school for the last 10 years. "No way was I giving any money to her. She was on £100k a year and will have a pension of £70k." I wonder how they come out with such silly figures. Daily Mail?

A "excellent" long service teacher who's a department head as well as a classroom teacher would earn that much. max pension on the old scheme(s) would be 2/3rds (or 1/2 + 3x lump sum or a mix of the 2) which is close enough to £70k for "gym mental arithmetic" for me

Edit: Obviously, as mentioned up-thread, that doesn't reflect the pension of a "bog-standard teacher" because not everyone can get to the top

robadger

Andy_L wrote: »

A "excellent" long service teacher who's a department head as well as a classroom teacher would earn that much. max pension on the old scheme(s) would be 2/3rds (or 1/2 + 3x lump sum or a mix of the 2) which is close enough to £70k for "gym mental arithmetic" for me

Edit: Obviously, as mentioned up-thread, that doesn't reflect the pension of a "bog-standard teacher" because not everyone can get to the top

Hi all,

Long-time lurker inspired to finally sign up by the absolute nonsense in this post.

The most a department head (who also taught) could realistically get is c.£55k, and that's in central London after ten years teaching. To suggest otherwise is nonsense.

Spreadsheet_Addict

The most a department head (who also taught) could realistically get is c.£55k, and that's in central London after ten years teaching. To suggest otherwise is nonsense.

Agreed. And in a school outside London, you're looking more like £45k max.

Andy_L

robadger wrote: »

Hi all,

Long-time lurker inspired to finally sign up by the absolute nonsense in this post.

The most a department head (who also taught) could realistically get is c.£55k, and that's in central London after ten years teaching. To suggest otherwise is nonsense.

Sorry, typo. Should have been deputy head, not department head