Public Sector Pensions

[Solidec]

ACPO has 280 members. You can't damn several thousand police officers because of the actions of a few of its leaders.

But why are we concentrating on all the high profile jobs? Surely a normal office worker who puts up with 30-40 years of tulip from members of the puiblic on low pay deserves a pension too.

As long as it isn't a NON-JOB aka QUANGO JOBSWORTH, then yes no issues with previously agreed pensions.

BUT serving cappucino's all day full time in starbucks is no less stressful than being a receptionist for the local council, and if they pay the same why should the council worker be entitled to a pension 2-3 times as cushy as the private sector worker?

[crimdon]

BUT serving cappucino's all day full time in starbucks is no less stressful than being a receptionist for the local council, and if they pay the same why should the council worker be entitled to a pension 2-3 times as cushy as the private sector worker?

No idea what Starbucks pay but I'm assuming that its not much over mimimum wage. Are you suggesting that certain public sector jobs should be put down to the same level? People who work for these poor employers only survive because they are subsidised with tax credits.

[TheBigD]

No idea what Starbucks pay but I'm assuming that its not much over mimimum wage. Are you suggesting that certain public sector jobs should be put down to the same level? People who work for these poor employers only survive because they are subsidised with tax credits.

No, I think he's suggesting that as these types of people are performing an equivelent job type (pay, skill, boredom etc), that it's a little unfair that the public sector worker be rewarded with a much heftier pensoin at the end.

[Solidec]

No, I think he's suggesting that as these types of people are performing an equivelent job type (pay, skill, boredom etc), that it's a little unfair that the public sector worker be rewarded with a much heftier pensoin at the end.

Bingo
Yahtzee
Chaching

[minestrone]

Contracted in the public sector twice. I have seen quite a lot of usless folk in the big financials but the public sector takes the biscuit. I met loads of folk in their 30s who were complete fools, who would do nothing all day, no drive, nothing, but were hanging on for the pension.

[expat]

...
Hell I have no issues with teachers/nurses/firefighters/heart surgeons! earning MORE in salary and LESS in pension, because over generous pensions are effectively deferred taxation. ...

They are taxation spread over a person's life to correspond to their income received over their life. Seems fair to me.

[Mich the Tester]

Contracted in the public sector twice. I have seen quite a lot of usless folk in the big financials but the public sector takes the biscuit. I met loads of folk in their 30s who were complete fools, who would do nothing all day, no drive, nothing, but were hanging on for the pension.

Opposite experience here in NL. I’ve seen plenty of pretty incompetent civil servants, but the financial sector really takes the biscuit (and your life savings).

[minestrone]

the financial sector really takes the biscuit (and your life savings).

Tell me about it, my last gig was working for my pension provider, I can now see why my pot is worth less than the total amount I have put in over the last 10 years.

I have a theory that the larger the company the lower the worker's efficiency, with the government being the largest company of them all.

[crimdon]

No, I think he's suggesting that as these types of people are performing an equivelent job type (pay, skill, boredom etc), that it's a little unfair that the public sector worker be rewarded with a much heftier pensoin at the end.

So for example:

Person A works for Starbucks for 40 years on minimum wage and retires on a state pension (if it still exists)

Person B works for local council as a receptionist and retires in a very modest pension becuase of their low wage.

Person A will probably receive subsidies from local govenment because it will be impossible for them to survive. Person B will probably be just above the level set and receive nothing.

The only winner I can see is the Starbucks shareholders because they invested in a company who explouits their workforce.

[minestrone]

It should be done the way it is on Oz, the employer has a responsibility to pay for the pension, 7% I think it was there.

Can you see the public sector taking a 7% wage drop to pay for something that will be given to them?