Teacher's Pensions contributions to DOUBLE.
14 January 2011, 08:08 PM
#31
I think they are hoping for some kind of miracle where it all sorts itself out .Either that or they are just taking what they can for themselves and leaving it to the next lot to put it right .
14 January 2011, 08:10 PM
#32
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Great timing on the Govts part ... not as if life's hard enough already 
TX.
PS
It's even worse than that, they Govt have no intention of paying out at all ... there is a slow creep towards people working until they die. Mark my words, that is where we will all end up.
TX.
PS
It's even worse than that, they Govt have no intention of paying out at all ... there is a slow creep towards people working until they die. Mark my words, that is where we will all end up.
Last edited by Terminator X; 14 January 2011 at 08:12 PM.
14 January 2011, 08:14 PM
#33
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Great timing on the Govts part ... not as if life's hard enough already
TX.
PS
It's even worse than that, they Govt have no intention of paying out at all ... there is a slow creep towards people working until they die. Mark my words, that is where we will all end up.
TX.
PS
It's even worse than that, they Govt have no intention of paying out at all ... there is a slow creep towards people working until they die. Mark my words, that is where we will all end up.
14 January 2011, 08:19 PM
#35
14 January 2011, 08:23 PM
#36
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The UK is like someone earning £50k/year, but spending £100k/year.. by borrowing the difference.
Unless the government starts major cutbacks the end result will be bankruptsy, and then savage cuts as a result.
14 January 2011, 08:27 PM
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14 January 2011, 08:29 PM
#38
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It's also a bit of a ponzi scheme, but then so are private pensions which 'invest' in the stock market.
No wonder Labour encouraged mass immigration from the 3rd world...gotta keep feeding the ponzi scheme.
14 January 2011, 08:54 PM
#39
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Plus your average £35,000 a year salaries ..... £60,000 for Deputy Heads and £100,000+ for Heads!!!!!
I would have frozen the UPS payments and increments too ..... also I would stop all TLR Payments - what a joke they are! Additional payments for looking after the NoticeBoard or the BikeShed!!!!
Gradually dragging Teachers into the real world ....... slowly, slowly ...
School to College to University to Teacher Training College to School to Teach ..... never ever coming into contact with the real world!!
Last edited by pslewis; 14 January 2011 at 08:59 PM.
14 January 2011, 09:05 PM
#40
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Good job you still have your annual increment increases, your 26 hours a week hours and your 25 weeks holiday then!
Plus your average £35,000 a year salaries ..... £60,000 for Deputy Heads and £100,000+ for Heads!!!!!
I would have frozen the UPS payments and increments too ..... also I would stop all TLR Payments - what a joke they are! Additional payments for looking after the NoticeBoard or the BikeShed!!!!
Gradually dragging Teachers into the real world ....... slowly, slowly ...
School to College to University to Teacher Training College to School to Teach ..... never ever coming into contact with the real world!!
Plus your average £35,000 a year salaries ..... £60,000 for Deputy Heads and £100,000+ for Heads!!!!!
I would have frozen the UPS payments and increments too ..... also I would stop all TLR Payments - what a joke they are! Additional payments for looking after the NoticeBoard or the BikeShed!!!!
Gradually dragging Teachers into the real world ....... slowly, slowly ...
School to College to University to Teacher Training College to School to Teach ..... never ever coming into contact with the real world!!
...and another job where people are not in contact with the real world is GP's! Why did Labour start paying them 200k? Was that the 'investment' in the health service? Porsches for GP's? Some of the get that money for doing almost part-time hours.
14 January 2011, 09:16 PM
#41
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One of my daughters friends fathers is a GP - he couldn't believe it when the Government changed their contracts for less hours, with the ability to treble their salaries!!
He signed, bought a new Yatch and plane, then started working 3 days a week!!
He was genuinely shocked at what happened ... but took it anyway, as one would.
Teachers are the same - they have lapped up massive pay rises for a decade and had their workload halved ....... Teachers all voted Labour, obviously. As the Tories are now wanting payback from the profession.
He signed, bought a new Yatch and plane, then started working 3 days a week!!
He was genuinely shocked at what happened ... but took it anyway, as one would.
Teachers are the same - they have lapped up massive pay rises for a decade and had their workload halved ....... Teachers all voted Labour, obviously. As the Tories are now wanting payback from the profession.
14 January 2011, 09:28 PM
#42
Having said that - I'm out on my ear later this year from decades of the rat race in IT / Finance / Pharmaceutical Industry and I'm only 45! Could do worse than taking a look I suppose.
Last edited by jods; 14 January 2011 at 09:30 PM.
14 January 2011, 09:41 PM
#43
Oh...........while I remember I thought the teachers had no actual pension fund and was paid entirely out of taxation.
http://www.bbc.co.uk/news/business-11446829
Shaun
http://www.bbc.co.uk/news/business-11446829
Shaun
What I said: the scheme HAD a fund, but it was appropriated YEARS ago, the agreement being that it would then be funded according to it's value, out of taxation. And from contributions.
Government then appointed their own actuaries who consistently undervalue the scheme
14 January 2011, 09:45 PM
#45
Government then made it law, taking 5 days off teacher's holidays and calling them "training days", one has to be taken at the start of each term, as above, the other two going wherever the school deems it useful.
But the KIDS still do the same 190 days a year they always did.
14 January 2011, 09:49 PM
#46
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Only doubled!!! Mine tripled last year and I don't get the benefit of a final salary package to soften the blow. I'd say count yourself lucky it's only gone up that much.
14 January 2011, 09:49 PM
#47
Quote from above: And before anyone says, please understand that the Teacher's Pensions fund was stolen by a previous government YEARS ago, so doesn't exist
Behave yourself! Stolen how exactly? We have always, and will always be taxed and hence the pensions will always be paid. Lastly on this point, are you aware that there are two different ways of valuing a final salary schemes deficit / surplus? Probably explains perfectly the difference between govt and independent actuaries numbers as the media will use one figure from one and another figure from the other to make their scare-mongering articles of interest to Joe Public
Behave yourself! Stolen how exactly? We have always, and will always be taxed and hence the pensions will always be paid. Lastly on this point, are you aware that there are two different ways of valuing a final salary schemes deficit / surplus? Probably explains perfectly the difference between govt and independent actuaries numbers as the media will use one figure from one and another figure from the other to make their scare-mongering articles of interest to Joe Public
Yes, I know about valuations. The difference being that the government actuaries, who have the final say, always undervalue it. The independent actuaries, and those paid for by teachers' unions, value it MUCH higher.
14 January 2011, 10:01 PM
#49
One of my daughters friends fathers is a GP - he couldn't believe it when the Government changed their contracts for less hours, with the ability to treble their salaries!!
He signed, bought a new Yatch and plane, then started working 3 days a week!!
He was genuinely shocked at what happened ... but took it anyway, as one would.
Teachers are the same - they have lapped up massive pay rises for a decade and had their workload halved ....... Teachers all voted Labour, obviously. As the Tories are now wanting payback from the profession.
He signed, bought a new Yatch and plane, then started working 3 days a week!!
He was genuinely shocked at what happened ... but took it anyway, as one would.
Teachers are the same - they have lapped up massive pay rises for a decade and had their workload halved ....... Teachers all voted Labour, obviously. As the Tories are now wanting payback from the profession.
In what year did ANY teacher last receive a massive pay rise? In fact, when was the last time one received a payrise of MORE than, or even EQUAL to the inflation rate?
I'll tell you if you don't know, and you may be shocked, IF you are being honest, and NOT a troll.
TLR: stop being silly: would you have staff doing the job of head of department on the same wage as a classroom teacher?
Increments: Starting salary is low, given six years minimum training from age 16, and at least a second class honours degree. It builds up, yes. Increments can now be withheld, so are a form of performance pay. And there is a ceiling, as you well know.
Heads and deputies: paid according to the size of the school. A head of a large comp will typically have a staff of over 150 people working for him, and be responsible for a budget of over £3million, and have over 1000 children in his care. What would YOU pay such a person? And if you get a good'un, what would you pay to stop them moving on?
Not really relevant to the present piece of theft, though, is it?
14 January 2011, 10:04 PM
#50
FIREMAN for starters shorhtly followed by midwifes then most managers of any local goverment department then any social services worker taking early retirement due to stress need i go on ?? i pay for my own pension and rest assured when and if i retire ive worked it out i need to live 12 years just to get my OWN money back not the taxpayers all pensions are a waste of time unless you are a mp or on 100k plus a year. welcome to the real world all public sector workers on less than 100k a year
14 January 2011, 10:21 PM
#52
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The 1988 education act made it mandatory. At the time, teachers were in dispute with their employers and refusing to give up the last day of each long holiday, (summer, Christmas and Easter), in order to have meetings about the next term and prepare.
Government then made it law, taking 5 days off teacher's holidays and calling them "training days", one has to be taken at the start of each term, as above, the other two going wherever the school deems it useful.
But the KIDS still do the same 190 days a year they always did.
Government then made it law, taking 5 days off teacher's holidays and calling them "training days", one has to be taken at the start of each term, as above, the other two going wherever the school deems it useful.
But the KIDS still do the same 190 days a year they always did.
). However, teachers shoot themselves in the foot then on a PR basis 'cos every time we get a timetable it says 'first day of term 12th (say) but that's a 'training' day so the kids are back on the 13th'. The way it's worded every time is that the kids are missing as day of school. Why don't the schools just say 'first day of school the 13th'? That way the fact that teachers are training the day before is quite irrelevant as no-one knows. If they do find out it's kudos for the teachers rather than getting slagged off for taking away from the kids education ....?! 
What am I missing here?
Dave
14 January 2011, 11:59 PM
#54
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And however you look at it, anyone with a pension guaranteed by Government should feel one hell of a lot more secure than those with private/company pensions. Perhaps some economics training might benefit a lot of public sector employees, who seem to think they should be immune from all the cutbacks forced on us drones in the private sector.
15 January 2011, 12:05 AM
#55
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Average pay for Teachers in our school is £46,000+
TLR payments are given for all kinds of things, NOT just heads of departments!
Remember, too, that some 'departments' have 3 staff!!! So, a Head of a small department gets £48,000 for managing 2 staff?? That's completely over the top IMO.
26 hours directed time a week ..... whereas everyone else has a 37 hour week directed time - fair? Don't think so.
How many weeks holiday? I'll tell you - 12 minimum!!!! That's 60 days!!! YUP 60 days!!
It's about time that the whole Education system was dragged into the real world .... IMO.
Stop moaning and pay your pension!
TLR payments are given for all kinds of things, NOT just heads of departments!
Remember, too, that some 'departments' have 3 staff!!! So, a Head of a small department gets £48,000 for managing 2 staff?? That's completely over the top IMO.
26 hours directed time a week ..... whereas everyone else has a 37 hour week directed time - fair? Don't think so.
How many weeks holiday? I'll tell you - 12 minimum!!!! That's 60 days!!! YUP 60 days!!
It's about time that the whole Education system was dragged into the real world .... IMO.
Stop moaning and pay your pension!
Last edited by pslewis; 15 January 2011 at 12:07 AM.
15 January 2011, 12:51 AM
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The majority of people employed by the State are paid a lot less than the private sector most of the time but have better T&C's like pension and holiday. We are at the bottom of the recession at the moment so wages are about equal in most cases but if you look at the differences in 2002-2007 you will see Private sector wages were consistantly high than the equvilant types of roles in Public sector.
Anyway the pension forms part of the contract of empoyment so this is in effect a wage cut being impossed and means that as private sector starts to improve in 3-5 years time any one who is well qualified or skilled will leave the public sector and all that will be left are the unskilled or with 2 years left to there pension.
And yes public sector workers are retiring at 55 their being made redundant and there are not enough jobs to go round.
And yes i know the cuts are due to the Economy being screwed but the Government should force through retrospective wage cuts. If they are going to change the pension they for new employees so they know this when they join not change the T&C's when they have 15 years in the job.
Also the MP's should lead by example on the pensions and no 2nd jobs and no expensese with out receipts to show how we are all in this together
Anyway the pension forms part of the contract of empoyment so this is in effect a wage cut being impossed and means that as private sector starts to improve in 3-5 years time any one who is well qualified or skilled will leave the public sector and all that will be left are the unskilled or with 2 years left to there pension.
And yes public sector workers are retiring at 55 their being made redundant and there are not enough jobs to go round.
And yes i know the cuts are due to the Economy being screwed but the Government should force through retrospective wage cuts. If they are going to change the pension they for new employees so they know this when they join not change the T&C's when they have 15 years in the job.
Also the MP's should lead by example on the pensions and no 2nd jobs and no expensese with out receipts to show how we are all in this together
15 January 2011, 02:56 AM
#59
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Because none of the contributions (from either the employer or the employee) have been invested in a pension fund - they have all been spent by successive governments. So there is no pension pot; pensions are paid from taxation. You don't have to be Einstein to work out who's fault that is!
There will always be taxation and hence the pensions will always be paid - as you put it, you don't have to be Einstein to see that.
I don't agree with the way its done but the assumption was made by the OP that as there is no 'pension pot' then the pension was not safe