Retirement age.
- Thread starter 4p
- Start date
Soldato
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- 5 Aug 2006
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True.
Probably due to sending any old 'tard to college these days. Same goes with Universities too.
Kind of a vicious circle really - There are no jobs so send everyone to do some form of education, most of which is naff. Now we cannot afford for you to retire at 65 so you must work longer.
Soldato
- Joined
- 24 Sep 2007
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- 5,406
This is already quite a problem in my opinion. Not necessarily that old people are taking them, more that jobs are being moved abroad.
Rgds
The number of jobs in the country is dictated by the number of people in the country and their ability to consume products, and the amount of value in money that you are paid is determined by the total productivity of the country. So if people retire later then it won't mean less jobs for people. If everybody in the country was working rather than being at uni, or unemployed or on the sick etc then there we would all be able to buy more stuff.
I intended retiring in late 50's
My final salary pension was moved to money purchase losing me around £6k a year, add that to the older state pension ages and it looks like mid 60s for me
think I will look for a job in public sector so I have it cushy, oh hang on they are really hard done to, well they must be seeing as they are kicking off so much, poor thkes
My final salary pension was moved to money purchase losing me around £6k a year, add that to the older state pension ages and it looks like mid 60s for me
think I will look for a job in public sector so I have it cushy, oh hang on they are really hard done to, well they must be seeing as they are kicking off so much, poor thkes
I intended retiring in late 50's
My final salaryy pension was moved to money purchase losing me around £6k a year, add that to the older state pension ages and it looks like mid 60s for me
think I will look for a job in public sector so I have it cushy, oh hang on they are really hard done to, well they must be seeing as they are kicking off so much, poor tkes
My final salaryy pension was moved to money purchase losing me around £6k a year, add that to the older state pension ages and it looks like mid 60s for me
think I will look for a job in public sector so I have it cushy, oh hang on they are really hard done to, well they must be seeing as they are kicking off so much, poor tkes
I intended retiring in late 50's
My final salary pension was moved to money purchase losing me around £6k a year, add that to the older state pension ages and it looks like mid 60s for me
think I will look for a job in public sector so I have it cushy, oh hang on they are really hard done to, well they must be seeing as they are kicking off so much, poor tykes
My final salary pension was moved to money purchase losing me around £6k a year, add that to the older state pension ages and it looks like mid 60s for me
think I will look for a job in public sector so I have it cushy, oh hang on they are really hard done to, well they must be seeing as they are kicking off so much, poor tykes
Perfect world ey. But in reality we will always need education and im afraid the dole, for those that cannot legitimately work. So that won't work will it.
I dunno, seems weird we're being made to work longer when someone younger could do a better job, controversial i know. But we had a 65 year old Math teacher who was USELESS (lovely chap, though) and that job could have been better suited to someone trying to start a career.
Just seems weird to me.
Tainted water?
Meh the rest is all apart of being smart and picking the right stuff to eat. Too many kids in maccies now though.
I intended retiring in late 50's
My final salaryy pension was moved to money purchase losing me around £6k a year, add that to the older state pension ages and it looks like mid 60s for me
think I will look for a job in public sector so I have it cushy, oh hang on they are really hard done to, well they must be seeing as they are kicking off so much, poor tkes
Moved to money purchase? Losing you 6k? What.
Soldato
- Joined
- 22 Mar 2009
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- 7,754
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- Cornwall
and how are we going to pay all these people retiring younger without their tax money? from my understanding, which is poor, there isn't enough money as it is, without adding more burden to it with people being forced out of jobs so younger people can do them.
There's two types of pension scheme.
Defined benefit - which is also known as final salary - where it's clear what will come out of the pension.
Defined contribution - which is also known as money purchase - where it's clear what will go in to the pension.
DB is the one everybody wants, DC is the one everybody gets. DB is expensive for companies, DC generally doesn't provide as much.
