Quote by Too Hot
You have kind of answered your own question there Tweeky. Insurance Companies were the main providers of occupational final salaries in the private sector and Acturial evidence of life expectancy meant that premiums became too high to realistically continue and hence very few (if any) final salary pensions left in the private sector. Insurance Companies have their roots in the Bookmaker industry and take very good notice of Actuary evidence and compile their odds to make sure they are rarely exposed - be it house fires or pensions.
Incumbent Governments have for years ignored the evidence because of the effect on civil servant voting potential and Union intervention. So we are now in a situation far too late in the day and something has to be done unfortunately. Surely you can accept that as the population ages and lives longer it is impossible to continue to pay pensions from the public purse when the money for another 10 - 20 years of life has never at any time been accounted for?
I don't think that it is anything about envy. We live longer and the next generation will live longer still that means we all have to do a combination of working longer, contribute more whilst workling and exist on less when we are retired. It is very simple maths, painful as it may sound.
My job is to pay for a service not worry about where the funds or product come from. I pay for insurnace, pensions, gas, electric and I expect to get it. When I dont or they alter the terms so that I pay more and get less I get pissed off I also consider that my job

Quote by Bluefish2009
It may well piss you off, but it is a fact that many people will find it hard to sympathise with those loosing something they have never had. Is that shallow and based on envy? I do not think it is.
We should all just be equal? This is called communisum. Maybe if something ever happens to your house a homeless person will walk up to you and say "Well I never had one" and walk off.