30/11 Strikes.

[Glaucus]

The fan chart I previously posted a few pages ago showed the costs of public sector pensions decreasing as a percentage of GDP over time. This, therefore, makes it sustainable as it can maintain itself over time and continues to be revalued on agreed timescales to ensure this is the case.

[...

you really think because it decreases over time it's sustainable. really?
GDP is not what is paid in to the pot and isn't what the government can spend.
It's not even a percentage of tax.

In fact what is the point of that graph.

 

[Deleted member 66701]

I'm just upset I'm not eligible to strike on Wednesday - I want to give the government a bloody nose with all my compatriots. I'm taking a days unpaid leave though to stand in solidarity.

Bring back sympathetic strike action!

 

[Yozz76]

Sick of this private versus public sector nonsense. A job is a job.

I will be striking because for 18 years I've worked damn hard and have paid a lot of money into something that was to provide security upon retirement.

In no way will I bend over and take it up the ass from what are essentially a bunch of elitist millionaires looking after their own.

 

[Freddie1980]

Sick of this private versus public sector nonsense. A job is a job.

I will be striking because for 18 years I've worked damn hard and have paid a lot of money into something that was to provide security upon retirement.

In no way will I bend over and take it up the ass from what are essentially a bunch of elitist millionaires looking after their own.

The problem is it's the private sector companies that generate the wealth that in turn generate the tax returns that pay for public sector jobs (there are few exceptions). You won't find much sympathy for your cause outside of your fellow civil servants, the issue with Public sector pensions should have been addressed over a decade ago but it took a recession and the biggest deficit we've ever seen to final get our politicians into the gear and address the situation.

Even though I'm a private sector worker and it rubs me the wrong way to see how my taxes are generously used to remunerate public sector workers (higher wages, better pensions, index linked pensions etc) I can under why you would angry about someone trying take it away from you. At the end of the day you were offered job and remuneration package in exchange for your time and skills so you have a contract in place and now someone wants to change the terms of the contract because some bright spark discovered it was too expensive, I wouldn't be happy either.

 

[drunkenmaster]

Sick of this private versus public sector nonsense. A job is a job.

I will be striking because for 18 years I've worked damn hard and have paid a lot of money into something that was to provide security upon retirement.

In no way will I bend over and take it up the ass from what are essentially a bunch of elitist millionaires looking after their own.

DO people really not understand this........ if everyone takes out of the pension fund what they are currently due to get........ the fund WILL RUN OUT, there is no question about this...... at which point, you get diddly squat.

You can choose to accept a sensible amount, or watch it go bust and end up with nothing........ and public sector people are choosing the later. Genius.

Let's say your mum makes, 30k a year, and decides to offer you 2k a week to be a personal assistant........ she can't afford it, she'll go bankrupt, into debt, lose her house, job, life, etc, and eventually you'll be out of work as well. You KNOW this isn't sustainable but its a good deal and who says no, when she offered it she THOUGHT she'd end up on 300k a week and could afford the 2k a week long term.

Now she's still on 30k a week, maybe even less, and rather than realise the situation changed, and help her out, you still want your 2k a week, even though its completely obviously absolutely unsustainable.

Its very simple, people were offered RIDICULOUS pensions, even in a boom the pensions were unsustainable, in a bust, a recession with another recession coming, they are simply even more unsustainable. Rather than realise this and help the country cut the deficit, people are choosing to ignore BASIC MATH, and logic, and fight for their ridiculously overpriced pensions that will be yet another reason the government is plunged into further debt and a worse recession.

There is an ever expanding number of people in the public sector, with less money coming in from taxes......this means bigger pension requirement, but less taxes to invest in one....... oh well. Watch the economy fail, watch your pensions disappear and be happy you stuck by your guns and ended up with nothing at all rather than a reasonable pension that many people would be lucky to have.

 

[Stretch]

Yes and no, We (pulic servants) are an easy target so we are having our contracts changed.

Erm, you're not an easy target but the only target. The government can't change the contracts of people it doesn't employ. Cuts have been made elsewhere and most other employers made similar contractual changes a long time ago.

DO people really not understand this........ if everyone takes out of the pension fund what they are currently due to get........ the fund WILL RUN OUT, there is no question about this...... at which point, you get diddly squat.

This has been known for at least the last 15 years. Even the current proposals don't come close to addressing the problem. Party politics have always got in the way of taking the necessary action.

I have nothing against the public sector but they needs to realise that previous administrations made pension pledges they never had a hope of delivering on.

 

[MrMoonX]

still don't see MP pension reform do we, they are all getting £50k pa pensions and massive lump sums

Think i saw somewhere that osbournes pension is £57k with a £350k lump sum, not bad for being an elitist **** is it

 

[Glaucus]

still don't see MP pension reform do we, they are all getting £50k pa pensions and massive lump sums

Think i saw somewhere that osbournes pension is £57k with a £350k lump sum, not bad for being an elitist **** is it

It's been talked about
http://www.bbc.co.uk/news/uk-politics-13962454


This shows why reform is needed
http://www.thisismoney.co.uk/money/...tor-pension-deficit-revealed-1-1trillion.html

It also points at why it's higher than previously suggested. Creative accounting in the past, rather than using private sector methodology.

 

[[TW]Fox]

Think i saw somewhere that osbournes pension is £57k with a £350k lump sum, not bad for being an elitist **** is it

I'd be suprised if it was that high - IIRC he doesnt earn much more than that - but even if it wasn, there is one of him, does it matter? It's hardly a trivial job he has that anyone could do is it? You fancy a go? Thought not.

 

[Glaucus]

Members of Parliament belong to the parliamentary pension scheme - a final salary scheme with a choice of accrual rates. MPs can choose to contribute at 1/40th, 1/50th or 1/60th. It is a contributory pension with the contribution rates set at 11.9%, 7.9% and 5.9% respectively.

I assume that's like other final salaries
Years worked x (1/40th, 1/50, 1/60) x salary(currently ~£64k )


If that's right they would need a huge service record of being an mp, to get anywhere near fall pay.

 

[Basher]

Think i saw somewhere that osbournes pension is £57k with a £350k lump sum, not bad for being an elitist **** is it

So? His existing pay is pretty low for the role he's in at the moment.

 

[Freakbro]

but even if it was, there is one of him,

Irrelevant, we are all in this together remember?

does it matter?

Yes, I believe it does.

It's hardly a trivial job he has that anyone could do is it?

Well, it doesn't need any qualifications (or experience) certainly not any relevant ones.

You fancy a go? Thought not.

Sure, I can imagine my inaccurate estimates of what will happen will be just as wrong as his.... but I didn't see where to apply.

 

[Freakbro]

So? His existing pay is pretty low for the role he's in at the moment.

So you are defending the position that he deserves a generous pension because of the low pay he endures while working...

Classic

 

[RDM]

Those in favour of the current system, I assume you just want the taxpayer to pick up the extra costs that people living longer will mean for pensions?

 

[Basher]

So you are defending the position that he deserves a generous pension because of the low pay he endures while working...

Classic

Yes, problem?

Don't kid yourself that you could do his job.

 

[FTM]

well in my experience of public and private sector...they are both much of a muchness

I have experience in BT, Lloyds TSB and local authority (currently)


and all of them have their fair share of poor quality management, skivers and sick day pullers, and petty beurocracy to make things as awkward as possible

people crow about the private sector but once an organisation gets really large its no better than a local authority...small private companies just are not comparable to large scale employers employing thousands of workers and its an unfair comparison.

 

[arknor]

I'd be suprised if it was that high - IIRC he doesnt earn much more than that - but even if it wasn, there is one of him, does it matter? It's hardly a trivial job he has that anyone could do is it? You fancy a go? Thought not.

sure can i have his advisers to?

 

[Elixir]

It would be quite interesting to see how many people are striking because they feel strongly about this, and how many just fancy a day off.

 

[FTM]

It would be quite interesting to see how many people are striking because they feel strongly about this, and how many just fancy a day off.

I voted against it but will still strike..you go with the majority decision or whats the point of being in it?

once it was announced you couldnt book it as a holiday so its a day without pay not really a day off

 

[Glaucus]

I voted against it but will still strike..you go with the majority decision or whats the point of being in it?

once it was announced you couldnt book it as a holiday so its a day without pay not really a day off

Your going with the majority, even though you don't agree.
Why would you do that?