Lets have a flameout...

lacroupade · 10-03-2011, 16:20

...about public sector pensions.

So the news today is that the public sector is finally looking at canning final salary pensions, just like the private sector has already done - mainly because with life expectancy these days they are an unaffordable liability.

So no longer will 22% of my council tax go, not towards services, but towards some "job for life" cardigans greenhouse fund.

Bring it on I say.

(RIP) PLANK · 10-03-2011, 16:55

as an ex local government officer i have to agree. In the housing dept of the council i last worked for the Chief Executive officers post was only ever held for a year or two, by the longest serving officer. So they had a final year on £120k (plus) to beef up their 'final salary' pensions. I understand it is pretty standard practise, a wasteful manipulation of the rules. Time for a change

paulp · 10-03-2011, 17:58

i do agree to a certain degree

but coupled with the other hits the public sector has taken - such as a pay freeze for 3yrs and mass redundencies, i think timing could have been better.

I work in the public sector and the fat cats always cause a bad image for the rest of us who as the same as most people who earn enough to survive

paulp

ps stop the benefit scroungers/ cheats first that will save a fortune

10-03-2011, 18:08

people in jobs where they dont get punnished for there mistakes,have nice fat pensions and retire early,dont have to justify what they do need looking at!

Deleted account DD · 10-03-2011, 19:45

Non contributory final salary pensions are not acceptable. Running away from a problem by retiring is unnaceptable (btw police can not do that contrary to popular myth)

Step back in various stages eg consider a contributory final salary and theres nothing wrong with them.

You must remember that when people like me bought into them over 30 plus ago at 11% of my pay packet they were the norm and sold as such.

Its almost a breach of contract. Its like selling you your car on hp then as youve about paid it off saying sorry but the govt have ****ed up so we are taking your car off you. No different at all.

There will always be people who are poor and those who are well off. That is life. I have been fortunate to be able to buy into the middle somewhere, i anticipated being comfy.

This government needs to stop hemorrhaging money rather than rolling over the accountable grafters.

Good place to start are the scroungers. Second stop ludicrous grants like the £280 million paid to India each year..........when they've indicated they're not bothered about the aid

It will be interesting to see how much of all the reports will be implimented. Winsor & Hutton were both proteges of the bliar/brown national/international screw up era and the reports were commissioned by the discredited has beens.

10-03-2011, 19:51

if your in a job on a pension then you should keep that deal,if you join from when change is made tough tity your on deal b! unfair to take some ones pension.

(RIP) PLANK · 11-03-2011, 21:25

Quote:

Originally Posted by paulp

i do agree to a certain degree

but coupled with the other hits the public sector has taken - such as a pay freeze for 3yrs and mass redundencies, i think timing could have been better.

I work in the public sector and the fat cats always cause a bad image for the rest of us who as the same as most people who earn enough to survive

paulp

ps stop the benefit scroungers/ cheats first that will save a fortune

it has been suggested that the benefit fraud is a drop in the ocean compared to tax fraud - yet we don't have a report the tax cheat help line

lacroupade · 11-03-2011, 23:40

Quote:

Originally Posted by PLANK

it has been suggested that the benefit fraud is a drop in the ocean compared to tax fraud - yet we don't have a report the tax cheat help line

Well its like all this b/s with 'the City' worrying about bankers leaving the country if their bonuses are capped.

WTF do we need parasites like that for? Especially when Barclays, as one example, makes something like £7-8 billion squid yet pays only about £100m in corporation tax?

A sick joke is what it is.

10-03-2011, 16:20	#1
lacroupade Senior Member Join Date: Jan 2009 Location: All hail to the Glove of Love... Posts: 9,212	Lets have a flameout... ...about public sector pensions. So the news today is that the public sector is finally looking at canning final salary pensions, just like the private sector has already done - mainly because with life expectancy these days they are an unaffordable liability. So no longer will 22% of my council tax go, not towards services, but towards some "job for life" cardigans greenhouse fund. Bring it on I say.

10-03-2011, 17:58	#3
paulp Senior Member Join Date: Apr 2009 Location: essex Vehicle: nissan mistral 27td Posts: 1,043	pension i do agree to a certain degree but coupled with the other hits the public sector has taken - such as a pay freeze for 3yrs and mass redundencies, i think timing could have been better. I work in the public sector and the fat cats always cause a bad image for the rest of us who as the same as most people who earn enough to survive paulp ps stop the benefit scroungers/ cheats first that will save a fortune

10-03-2011, 16:55	#2
(RIP) PLANK Senior Member Join Date: Mar 2006 Location: Central England, in the Heart of the Black Country Vehicle: T2 2004 TDI SE LWB Posts: 7,740	as an ex local government officer i have to agree. In the housing dept of the council i last worked for the Chief Executive officers post was only ever held for a year or two, by the longest serving officer. So they had a final year on £120k (plus) to beef up their 'final salary' pensions. I understand it is pretty standard practise, a wasteful manipulation of the rules. Time for a change

10-03-2011, 18:08	#4
jace Guest Posts: n/a	people in jobs where they dont get punnished for there mistakes,have nice fat pensions and retire early,dont have to justify what they do need looking at!

10-03-2011, 19:45	#5
Deleted account DD Senior Member Join Date: Sep 2008 Posts: 4,705	Non contributory final salary pensions are not acceptable. Running away from a problem by retiring is unnaceptable (btw police can not do that contrary to popular myth) Step back in various stages eg consider a contributory final salary and theres nothing wrong with them. You must remember that when people like me bought into them over 30 plus ago at 11% of my pay packet they were the norm and sold as such. Its almost a breach of contract. Its like selling you your car on hp then as youve about paid it off saying sorry but the govt have ****ed up so we are taking your car off you. No different at all. There will always be people who are poor and those who are well off. That is life. I have been fortunate to be able to buy into the middle somewhere, i anticipated being comfy. This government needs to stop hemorrhaging money rather than rolling over the accountable grafters. Good place to start are the scroungers. Second stop ludicrous grants like the £280 million paid to India each year..........when they've indicated they're not bothered about the aid It will be interesting to see how much of all the reports will be implimented. Winsor & Hutton were both proteges of the bliar/brown national/international screw up era and the reports were commissioned by the discredited has beens.

10-03-2011, 19:51	#6
jace Guest Posts: n/a	if your in a job on a pension then you should keep that deal,if you join from when change is made tough tity your on deal b! unfair to take some ones pension.