Them poor public sector pensions we are all paying for

[NickFitz]

Very last sentence of the Daily Fail article

'‘Over the next five years, the NHS pension scheme will actually provide a positive cashflow to the Treasury of over £10billion.’

So the inevitable headline-grabbing outliers nothwithstanding, on aggregate, 'we' are not paying anything for NHS pensions.

Standard for the Fail: a large number of their stories contain the essential fact that proves the headline to be a gross misrepresentation of matters, but they bury it right at the end on the assumption their readers are too lazy to read that far once their moronic prejudices have been confirmed by the first few words.

[Old Greg]

Standard for the Fail: a large number of their stories contain the essential fact that proves the headline to be a gross misrepresentation of matters, but they bury it right at the end on the assumption their readers are too lazy to read that far once their moronic prejudices have been confirmed by the first few words.

Now then, don't be mean about the prawn.

[NickFitz]

Now then, don't be mean about the prawn.

He won't bother reading this far

[DimPrawn]

He won't bother reading this far

WHS.

[centurian]

Very last sentence of the Daily Fail article

'‘Over the next five years, the NHS pension scheme will actually provide a positive cashflow to the Treasury of over £10billion."

So the inevitable headline-grabbing outliers nothwithstanding, on aggregate, 'we' are not paying anything for NHS pensions.

Well the surplus comes from the 14% employer contributions - which is paid for by the taxpayer.

But even so, the surplus is because over the past few years we have added hundreds of thousands of new contributors to the scheme, so in the short term, the NHS scheme is "affordable".

But unless the NHS continutes to grow at the same rate it has done, that £2Bn per year surplus will turn into a whopping deficit in the medium to long term.

It is only "affordable" because we enticed a new layer of suckers to the pyramid with the promise of high returns that are not possible elsewhere.

If a private business had done this, the directors would have been locked up.

[Doggy Styles]

Well the surplus comes from the 14% employer contributions - which is paid for by the taxpayer.

But even so, the surplus is because over the past few years we have added hundreds of thousands of new contributors to the scheme, so in the short term, the NHS scheme is "affordable".

But unless the NHS continutes to grow at the same rate it has done, that £2Bn per year surplus will turn into a whopping deficit in the medium to long term.

It is only "affordable" because we enticed a new layer of suckers to the pyramid with the promise of high returns that are not possible elsewhere.

If a private business had done this, the directors would have been locked up.

You are wasting your time replying to people who just don't 'get' finance.

But we all do it.

[doodab]

Well the surplus comes from the 14% employer contributions - which is paid for by the taxpayer.

But even so, the surplus is because over the past few years we have added hundreds of thousands of new contributors to the scheme, so in the short term, the NHS scheme is "affordable".

But unless the NHS continutes to grow at the same rate it has done, that £2Bn per year surplus will turn into a whopping deficit in the medium to long term.

It is only "affordable" because we enticed a new layer of suckers to the pyramid with the promise of high returns that are not possible elsewhere.

If a private business had done this, the directors would have been locked up.

Tis true.

The latest OBR forecast shows that by 2015-16 the NHS surplus will be reduced to circa
£150m and over the next decade the scheme is likely become a net cost to the taxpayer as
more members retire.

http://www.onelcommunityservices.nhs...Q-28July11.pdf