This could lead to the end of the pulic sector pension windfalls
Do you think its right that the public sector should come into line with the private sector, or should the tax payer contribute towards the public sectors retirement
Of course this particular measure will hit the nurses and soldiers dinner ladies and cleaners much harder than the "fat cats" eh?
Ben,
always does and those brought in to 'advise' get their big money contract and bonuses
for every gravy train fat cat there will be a couple of hundred ordinary working folk shafted by this change.
Thing is...I am all for removing this special pension rate from all new recruits into the public sector. In that way, you know the situation when you join, and have the option to accept or not.
However all the people currently working there, went into the position, with the understanding that their pension would be based on their final salary. This encouraged them to stay, and give stability to the job, instead of going into private sector that maybe, would have paid them more.
Lets remember at one time, a job in the public sector, was seen as stable, and a job for life. Not anymore !!
Looks to me like this lot just want to finish what "MAGGIE" started.
She sold the family silver and now they are selling off everything else.
No more jobs for life, and no more top class pensions and early retirements.
The price we have to pay to be TORY.
According to this Questions and Answers article on the BBC website, it will be middle and senior management that will be most affected and the lowest paid, least affected.
If nothing was done, it is forecast that the funding gap between contributions received and paments made would double over the next 4 years to £9 billion a year which would have to be funded by the taxpayer.
Read the BBC article again, what do you think the statement by the KPMG actuary means?
Me sir Me sir Me ...... does he really mean "we don't want to tell you the truth as this would cost us votes"???
Staggerlee minimus you will never make the most of your obvious talents whilst you continue with this cynical outlook on life and obsession with a juvenile left wing political dogma. See me in my study after prep for a traditional beating with a toasting fork.
I think its designed to misinform, what I am wonedeirng is the extent to which the strategy has worked.
The statement is a meaningless soundbite. Yet you and other contributors seem to think its justification for this outrageous attack on the pensions of ordinary working folk. SO I wondered what you inferred from it.
well....firstly as I have stated I am all in favour of this, but as of from now on !! Do think its unfair on those already working there, that accepted the jobs in the understanding that pension would be based on leaving salary.
However lets also throw a couple more things into the mix. Yes..there will be a shortfall in pensions being paid in, and those being paid out...because they just about to cut the bloody workforce by over 25% !! Also I wonder how much of the money saved will now be spent on redundancy money and unemployment benifit !!
Secondly when it says middle and top management will suffer more than lower levels. What they actually mean is...they are earning more and so will lose more money. However maybe they have been earning good money and stashed some away for a rainy day, so should actually be able to cope. However the small salaried nurse or beat policeman, will not have earned that much, to have been able to save a great amount. Maybe in actual pound notes their loss may be less.....but maybe their hardship may well be greater !!!
;)
