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Public Sector Pensions Rip Off !!!!

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Old Oct 8, 2010 | 06:18 PM
  #61  
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They probably need the extra funding to pay for all the early retirements coming in the austerity measures.
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Old Oct 8, 2010 | 08:22 PM
  #62  
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Originally Posted by njkmrs
UK Final Salary Pension schemes are reported to be collectively in Deficit ,to the tune of 195 Billion pounds !!!

Whos gonna top that up I ask ?

How safe are they I wonder .??
Yep they are the Gorilla in the corner nobody is mentioning, and that figure isn't even included in the national debt for the public sector.

It's insane what a gravy train the public sector has been. The gov should just tear up these pension contracts.
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Old Oct 9, 2010 | 09:06 AM
  #63  
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Originally Posted by tony de wonderful

It's insane what a gravy train the public sector has been. The gov should just tear up these pension contracts.
Usual Daily Mail informed load of rubbish. The vast majority of the public sector has not been on a gravy train. Look at the pay awards for the majority of workers over the last 10 years and you'll see that they have been very modest.

I note no one was moaning about public sector pay and pensions before the financial crash of 2007. Why? Because private sector pay and perks go up and down with the economic conditions. Public sector pay and perks tend to be much more stable.

Originally Posted by tony de wonderful
Yep they are the Gorilla in the corner nobody is mentioning, and that figure isn't even included in the national debt for the public sector.
It's a very good point. Private sector companies are obliged to disclose the pension liabilities now and Gov should be the same. Contingent liability or not, there is no real excuse for not doing it except for the cost of calculation which, given the complexity of the job, is not to be underestimated.

I bet everyone moaning about public sector pay now won't give it a second thought in a couple of years when the private sector is back to the boom times and public sector pay remains where it is now.

Maybe you think that public sector workers should be working for nothing? That they deserve to be in poverty ? Get real.

Originally Posted by tony de wonderful
Yep they are the Gorilla in the corner nobody is mentioning, and that figure isn't even included in the national debt for the public sector.
It's a very good point. Private sector companies are obliged to disclose the pension liabilities now and Gov should be the same. Contingent liability or not, there is no real excuse for not doing it except for the cost of calculation which, given the complexity of the job, is not to be underestimated.

Last edited by ahar; Oct 9, 2010 at 09:48 AM.
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Old Oct 9, 2010 | 11:44 AM
  #64  
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The last lot of plonkers knew the value of having the Civil Service on their side so they protected their pensions and pay and created all those extra non jobs which cost the country a great deal of money in pay and pensions, and helped of course to reduce the jobless totals!

Les
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Old Mar 10, 2011 | 09:47 AM
  #65  
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You heard it here first folks .

I did warn this was coming .An extra 10 years to be worked by this work shy mob .About time too .Oh and they will have to contribute more and take out less .!!!
Just like the rest of then .!!!
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Old Mar 10, 2011 | 09:56 AM
  #66  
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All public services should be put out to tender and run like private business. Return value for money, improvement in service, reduction in cost or lose your contract - just like the private sector.
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Old Mar 10, 2011 | 09:57 AM
  #67  
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My mrs works for the police and opted out of the pension scheme almost immediately.

Would rather put it in the bank and have a say on how the money grows.
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Old Mar 10, 2011 | 01:18 PM
  #68  
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Opted out of a police pension............ ?? doesn't it work on something like a 30th of the salary for each year worked plus lump sums. Can't beat that by putting the money in the bank IMHO.

Shaun
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Old Mar 10, 2011 | 01:39 PM
  #69  
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Glad to see logic isn't being applied on this thread, you complain about badly run public services and then constantly praise reductions in the pay and benefits they offer to staff, in 5 years time we will be back in a recruitment crisis and any body who is good will be in the private sector and no way will they apply to work in the Public sector for less money no more job security than private sector and a pension that doesn't compensate for the poor salary.
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Old Mar 10, 2011 | 01:53 PM
  #70  
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Originally Posted by Midlife......
Opted out of a police pension............ ?? doesn't it work on something like a 30th of the salary for each year worked plus lump sums. Can't beat that by putting the money in the bank IMHO.

Shaun
You can with a bit of buying a selling!

Wasn't as good as that I believe anyway.
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Old Mar 10, 2011 | 02:03 PM
  #71  
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About time !
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Old Mar 10, 2011 | 02:46 PM
  #72  
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And the cheeky monkeys are threatening to go on strike !!!
Go Ahead .It will make the swinging of the Axe much easier !!
You have had it too good for too long .Get over it and join the rest of us in the Real World .
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Old Mar 10, 2011 | 08:46 PM
  #73  
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who can blame for striking they have worked hard for years on low wages with the promise of a reasonable pension and now they are taking it away a bit like the bank losing half your life savings and wondering why your upset!
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Old Mar 11, 2011 | 07:34 PM
  #74  
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I am not sure" worked hard for years " is an accurate description of most of them .!!!

Jobs for life and all that .Got away with murder many of them .IMO.
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Old Mar 11, 2011 | 07:46 PM
  #75  
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The public sector workers can sit on my dick.
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Old Mar 11, 2011 | 08:00 PM
  #76  
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Originally Posted by tony de wonderful
The public sector workers can sit on my dick.
And they can smoke mine !!
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Old Mar 11, 2011 | 08:26 PM
  #77  
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passengers on the platform of life , who have just found out thier ticket has expired SUPERB welcome to the real world , ive paind into mine since i started work for ****** 15 years ago and got my pension papers a while back . if i retired tomorrow it would take 12.8 years just to get my own money back , unlike them goons 70% of final salery no wonder they are in such a mess
every time 10 retire they are still paying 7 of them and then they replace the 10 as well no wonder our council tax is so high
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Old Mar 11, 2011 | 09:39 PM
  #78  
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Originally Posted by Adrian F
who can blame for striking they have worked hard for years on low wages with the promise of a reasonable pension and now they are taking it away a bit like the bank losing half your life savings and wondering why your upset!

Oh that's good!
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Old Mar 11, 2011 | 09:49 PM
  #79  
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I didn't realise your average teacher is on 37k and can retire at 55!

Not bad for a guaranteed job and long holidays!

...and some stupid female Teacher was on TV saying it was so stressful and demanding that many Teachers would not be able to work past 55!

...I'm sorry but that is women who has no clue about the real world of private sector work.

She need a hard slap.

Last edited by tony de wonderful; Mar 11, 2011 at 09:50 PM.
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Old Mar 11, 2011 | 11:18 PM
  #80  
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Hmm.......just looking how much money I missed out on by working for the public sector and not working in the private sector (my choice).....

I stopped counting at 2 million

Shaun
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Old Mar 12, 2011 | 01:07 AM
  #81  
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funny reading the posts above slagging off the public sector is obvious that none have any real life experience of working there and are just repeating the front page of the Sun.

Having worked in both private and public sectors i have actual real life experience to support my comments.
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Old Mar 12, 2011 | 07:02 AM
  #82  
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We have heard it from the horses mouth .
Someone on here describing his wifes life of Riley on the" Public Sector Gravy Train ".
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Old Mar 12, 2011 | 08:08 AM
  #83  
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njkmrs, be careful or you'll become no more than a troll like PSL.

Isn't the actual average public sector pension something like £5k, so hardly huge. As for life in the public sector being easy, you need to get a grip. Try telling that to all the doctors, nurses, firefighters, police etc.

You think we in the public sector need to man up like you guys in the private sector? I'm afraid to say people like you and that plank TDW would p2ss your pants and go crying home to mummy after one day in my shoes.

I started work at 0720hrs yesterday and came home past midnight, so about 17 hours of pure work. And by work I mean stressful your life in my hands type work, one error of judgment and the consequences are immediate and catastrophic.

Even after returning home after midnight I was called again at 0300hrs for telephone advice, so haven't had any real sleep and am knackered. The cost of these near 24 hours of highly qualified work to the tax payer is a few hundred pounds.

To put that into perspective a relaxed six hour day in the the private sector pays me about £2k.

Btw many years ago when I was a junior doctor I used to work 72 hours non stop. About 10 years of my life at that time are just a haze, my hourly rate at that time was less than somebody who flipped burgers.

If the pension scheme is radically changed for me then rather than just doing private practice in my spare time I'll leave the NHS altogether, and so will a lot of other people. Be careful what you wish for.

Last edited by Dingdongler; Mar 12, 2011 at 08:11 AM.
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Old Mar 12, 2011 | 08:52 AM
  #84  
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Originally Posted by Dingdongler
To put that into perspective a relaxed six hour day in the the private sector pays me about £2k.

Btw many years ago when I was a junior doctor I used to work 72 hours non stop. About 10 years of my life at that time are just a haze, my hourly rate at that time was less than somebody who flipped burgers.

If the pension scheme is radically changed for me then rather than just doing private practice in my spare time I'll leave the NHS altogether, and so will a lot of other people. Be careful what you wish for.
There is room in the private sector for the all the NHS Doctors?

Have you ever working in the private sector BTW? How about in a job w/out the security and status of being a Doctor?

Last edited by tony de wonderful; Mar 12, 2011 at 08:54 AM.
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Old Mar 12, 2011 | 09:31 AM
  #85  
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as a local government employee i agree that the pension does need modernising. however, the people in local govt/nhs that are really milking the gravy train are those in middle management...or non jobs...oh and those civil servants who have massive amounts paid into their schemes by the tax payer.

most people who work in the public sector are low paid, do the jobs most people wouldnt get out of bed for, work in rubbish conditions, face abuse on a regular basis, have had their low wages freezed for the past 3 years, etc. so to say that they are sicknotes and lazy is just plain wrong. their is a lot of sickness in the public sector, but equally there is a lot of stress that is vastly different from the private sector. we dont get bonuses or overtime etc...most people in the private sector wouldnt do the majority of the public facing jobs in the public sector.

so when you watch the news and read the biased newspapers saying we should decimate the public sector worker...just think who will do that job when we all decide enough is enough.
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Old Mar 12, 2011 | 12:20 PM
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Some good points coming through and yes I have generalised a bit but the fact is many, many of the Public Sector have contributed very little for too much reward .
Many of us in the private sector have stressful jobs for average reward,often with long hours .I could go into it, but its not about me so I wont bore you with it .
Police ,fire etc have good jobs and retire way too early including father in law who walked straight into another well paid job .They are not on the scrap heap when they retire so the Pensions have been way too high for what they have done and what they can still earn .
I get out ,what I put in ,and it should be the same for everyone .
The simple fact is the Country cannot afford to spoil these people the way they have been doing .

The point about middle management "non jobs" is a very valid one .This is where most of the waste is .!!

Last edited by njkmrs; Mar 12, 2011 at 12:22 PM.
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Old Mar 12, 2011 | 02:18 PM
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Originally Posted by tony de wonderful
I didn't realise your average teacher is on 37k and can retire at 55!

Not bad for a guaranteed job and long holidays!

...and some stupid female Teacher was on TV saying it was so stressful and demanding that many Teachers would not be able to work past 55!

...I'm sorry but that is women who has no clue about the real world of private sector work.

She need a hard slap.
I agree but I can't see Police Officers at 60+ fighting in the streets on a Saturday night with the town drunks or at 60+ Firemen dragging people out of burning buildings, what do you suggest these people do as they are public sector too?
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Old Mar 12, 2011 | 03:05 PM
  #88  
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Originally Posted by Jamescsti
I agree but I can't see Police Officers at 60+ fighting in the streets on a Saturday night with the town drunks or at 60+ Firemen dragging people out of burning buildings, what do you suggest these people do as they are public sector too?
I don't know and it's not my problem. There are many jobs in the private sector which would not suit a 60 y/o person. I don't see why I as a taxpayer should provide welfare to aging public sector workers who are too incapable of doing their job.
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Old Mar 12, 2011 | 04:05 PM
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Originally Posted by Jamescsti
I agree but I can't see Police Officers at 60+ fighting in the streets on a Saturday night with the town drunks or at 60+ Firemen dragging people out of burning buildings, what do you suggest these people do as they are public sector too?
Admin jobs within the public sector. people retire all the time , just transfer them in to another job when a vacancy becomes available.

Chip
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Old Mar 12, 2011 | 04:31 PM
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Originally Posted by tony de wonderful
There is room in the private sector for the all the NHS Doctors?

Have you ever working in the private sector BTW? How about in a job w/out the security and status of being a Doctor?
I'm not sure what you mean by security?

I had to pass a whole series of exams after my basic degree, ie my fellowship of a royal college of specialists. These were done whilst working, if I failed any one more than a few times I'm out. No security there.

I have applied for all my jobs along the way in competitive interview, if I got the job that meant 20 people didn't. No security there.

As for status, I have no idea what you mean. Do you mean that some people out there will give me a degree of respect because I treat them well? Because I have safely treated them or their relatives and treated them with dignity?
Do you mean status of working in many hospitals where the staff food is inedible and the sleeping quarters do not even meet the standards we give our criminal prisoners? Where the security is so bad that doctors get mugged in the car park?

Along with this so called 'status' comes having to deal and treat with people when they are covered in vomit or faeces, due to no fault of their own of course. Or coughing up HIV infected blood in my face. Having to deal with the drunks and violent gang bangers after they have shot each other up. Is this the status you mean??
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