Fantastic news

[wendigo100]

Some bird said that to me once...

No, I've changed my mind about posting that.

[hyperD]

Some bird said that to me once...

Sadly, some bird said to me:

"It is a tiny drop in the ocean compared to the amount of money the council spends on other services"

Which was exactly quoted in that news piece...

Oh, the irony...

[Fleetwood]

You pulled out too early!

Some bird said that to me once...

[BlasterBates]

Great to see public sector workers get a good deal.



One can only be greatful for the endless generosity of the UK tax payer.

[steve'O]

.....but I was a civil sevant for a number of years, until I saw where the money was and got out early this year.

Cvil service pay is pathetic, and civil service pensions at 50 are for firemen, police officers and prison officers. The other 200k civs need to work 40 years to earn full pension, which is half the final salary and paid at 60. Do the maths - not many women earn their full pension, and its a real struggle for everyone else.
For years in the pay bargaining discussions, the government used the non-contributory status of the pensions as a lever to keep pay low, "its worth 8 percent" was the standard line.

I'll go back under my rock now...

Which is why we all became contractors so we could put our money in property??

[hyperD]

...Cvil service pay is pathetic...

You pulled out too early!

http://news.bbc.co.uk/1/hi/england/somerset/4337196.stm

[Doddy]

I'm braced for vitriol and abuse......

.....but I was a civil sevant for a number of years, until I saw where the money was and got out early this year.

Cvil service pay is pathetic, and civil service pensions at 50 are for firemen, police officers and prison officers. The other 200k civs need to work 40 years to earn full pension, which is half the final salary and paid at 60. Do the maths - not many women earn their full pension, and its a real struggle for everyone else.
For years in the pay bargaining discussions, the government used the non-contributory status of the pensions as a lever to keep pay low, "its worth 8 percent" was the standard line.

I'll go back under my rock now...

[hyperD]

New staff? Hold on, that means it will have little effect for the next thirty years, but we are racing up sh1t creek now!

Nope, it means that they will need to look outside the UK to employ record numbers of public sector "servants" to support the old pensions of the existing public sector "servants".

Sounds familiar...

[wendigo100]

In exchange the unions have accepted that a higher retirement age will be phased in for new staff.

New staff? Hold on, that means it will have little effect for the next thirty years, but we are racing up sh1t creek now!

[wendigo100]

What a shot in the arm for those poor civil servants. I'm off to dance in the street.

[DimPrawn]

http://news.bbc.co.uk/1/hi/business/4352138.stm

Deal on public sector pensions

Trade unions and the government have agreed a deal over the future of several public service pension schemes.
The TUC says the government has dropped its suggestion that current members of the health, civil service and education schemes should retire later, at 65.

In exchange the unions have accepted that a higher retirement age will be phased in for new staff.

The TUC said the agreement was a "sensible compromise" which meant that pensions promises would not be broken.

More later.


Phew what a relief. For a minute I thought the millions of New Lie pen pushers and form fillers would have to work until their mid 90's like the rest of us and not enjoy an index linked final salary pension at 50.