Public sector pensions poll

[bobhope]

The government will more than likely maintain the nominal pensions paid in GBP to public sector workers.

A better question would be: what will be the worth of GBP?

It's no good having a gold plated pension if a loaf of bread is £50.

[Spartacus]

Reasoned arguments have no place in General. Burn him.

[Gibbon]

Fecking Idiot.

Public Pensions (PP) are actually very good for the tax payer.

Remember that PP are like state pensions in that there is no actual pot of money just a notional amount.

Take my wife on 50K. She has 500 a month deducted and at the end of 40 years service will get a pension of aprox 20K.

If she paid into a 'pot' it would cost the council 1000 a month extra, 500 each in contributions. Over 40 years that would without compound interest amount to 480,000 which would take 24 years to run down. So my wife would have to live until 89 before she actually costs anything, way above the average life expectancy. The council are basically running an annunity heavily stacked in their favour ergo the taxpayers favour.

If council workers start paying into an external pension the wage bill would shoot up 20% for each employee.

[threaded]

I've added a poll because....

a) it's an abuse of moderator power
b) it's a laff, innit.

a) Yes, what's the point of being a moderator otherwise????
b) Yes!

Good AndyW option too.

[Drewster]

I've added a poll because....

a) it's an abuse of moderator power
b) it's a laff, innit.

a) = Yes
b) = No

HTH

[shaunbhoy]

There will be a general strike if you start touching them.

How will we know?

[minestrone]

There will be a general strike if you start touching them.

[ASB]

A qualified NO. Those that joined a defined benefit scheme should have those obligations honoured. It was part of their contract.

Retrospectively removing those benefits is plain wrong. There is a case to renegotiate going forward - though this is a contractual change and the staff should either change it or claim constructive dismissal (which they should morally win).

New joiners however should not be able to join on those same terms - especially given PS salaries have risen to compensate for the differential between public and private sector pay.

[The Wikir Man]

Please contribute your yes vote to the poll; should public sector workers have to pay more to maintain the value of their pensions?. The poll is toward the right-hand corner of the page.

Why?

[NotAllThere]

Please contribute your yes vote to the poll; should public sector workers have to pay more to maintain the value of their pensions?. The poll is toward the right-hand corner of the page.

I've added a poll because....

a) it's an abuse of moderator power
b) it's a laff, innit.

[Addanc]

Please contribute your yes vote to the poll; should public sector workers have to pay more to maintain the value of their pensions?. The poll is toward the right-hand corner of the page.