Incensed again

A question about : Incensed again

Been listening to the news again today, re the new offer to avert any further upset due to public sector kicking off due to pension issues.

A couple of figures hit me. They referred to the pension that a public service worker would recieve under the new offer.

A teacher earning Ј35K would get Ј25k pension

A nurse earning Ј30k would get Ј20k

What the f888????????????

To start, I consider a teacher or a nurse to be an able employee that is worthy of a decent salary.
In the present day private sector that equates to Ј20 per annum, not 30/35

Does anyone in the public sector actually realise what a similarly paid private secter worker would have to pay/sacrifice for the same return?, well no, I don't think you do. From my own situation after 38 years with the same company and a finishing salary as a chief engineer of Ј30k+ I retired (early) on Ј8k per year.

Please accept the governments latest (generous) offer, again it favours it's flock whilst stuffing the workers, and you are piecesing us off.

Best answers:

• A teacher earning Ј35k will have been working for some years. You think they should stick on Ј20k for their whole career?
  How much did you put into your pension? That's more relevant than how much you earned.
• The maximum your tight assed company would allow you to put in? What was stopping you having your own SIPP for example if you wanted to save more in order to provide a better retirement for yourself?
• Im in the LGP scheme, I work part time and earn approx 8K and in 20 years time when Im due to retire I will receive approx 2K per year according to my forecast, so the figures you mentioned seem particularly generous to me,
  Almost everyone else in my office has a forecast of a similar ratio, and people like me on wages like me make up the bulk of staff employed by my council
  I dont think I will ever qualify as a fat cat sadly
  elmer
• A Teacher on 35k will get a pension of 25k !? No way ! Unless you're talking about someone with a huge part of their career left and even then assuming that salary rises might reappear at some point in order to increase their final salary or career average somewhat !
• not sure where youv got your figures from, i pay around Ј150 a month into my nhs pension - have done for 9 yrs, i intended on retiring at 60 - this WOULD have given me around 22k lump sum. What they are proposing is for me now to pay in an extra Ј760 a yr till im 67 yrs old then recievve a lump sum of around 8k!!
  would you do that!!?? i think not............. none of us actuaslly want to strike but what do we do - lie down accept it - let us pay for the mess the governmet has got us into?? if thats the case then theres no point in wotking is there, why not toss it off and get paid to stay at home ..............
  im 36 btw, been working for 9 in the nhs and have another 31 yrs to go if they have anything to do with it, im a paramedic and reaslly cant see me carrying a cardiac arrest down a flight of stairs at that age can you.....
• i do get my head round what your saying however the fact is why should we have to leave our job to get something less intensive?!
  how exactly are you a tax paying mug? i pay around Ј800 a month tax - how exactly are you subsidising my pension??? do you pay on a different tax code to the rest of us?
• please read my post properlly before you start shouting your mouth off! i was not `moaning` about carrying a medic bag - what i actually said was i wouldny be able to carry a cardiac arrest down a flight of stairs.
  And i think youll find 50% off ALL our council tax go towards pensions not `just yours`, and the private sector land DO get it back in the state pension........ however by the time were that age none of us will actually be getting any gov pension help so please keep your money, go out and try buy some manners. If you want to have a go at anyone why not start on the people who dont actually pay anything into the system yet still take!
  Also i dont think its right that ANYBODY should have to be doing manual work at that age no matter what their job is, you completely are missing the point. what my post was about was getting back money i have paid in - if you read it prop you will see i have already paid in over 16k - i have 30 odd yrs to go with only a lump sum of 8k!!! THATS THE POINT! so why dont you stop attacking other posters, each to their own opinion!
• As far as I am aware the increase in contributions for public sector workers pensions paid for by public sector workers is not even going in the pension pot, but is going towards paying off the deficit.
  Also the unions realise there is a need to change and adapt, but the sticking point is that the contributions are being raised in the face of a public sector pay freeze, which amounts to a pay cut.
  I can see their point myself!
• Well, why not go all the way and just close all final/career average salary public sector pension schemes, replace them with standard DC contribution with various levels of employer's contributions.
  But somehow, I think the backlash would be too great and there will be lot of strikes. On other hand, the Government will make immense savings.