Pensions - no wonder there are strikes
I am not surprised that the people of this country are striking over pensions.
I was told today, that starting from next month my pension will be going up by £60 / £70 per month. This will now cause me financial hardship big time, What l think this government is doing by increasing the retirement age even higher, is that many people may not live past the retirement age, therefore saving them money.:mad: |
Re: Pensions - no wonder there are strikes
Do you mean the cost of your pension, Arthur?
If so, how do you think your extended life-span is going to be paid for - from the magic money tree? btw, I know you and facts don't get on, but retirement age if you are under 55 will be 67, and average male life span is 78, so your premise is flawed. |
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I know a few old people who would be celebrating if their pension was going up that much? |
Re: Pensions - no wonder there are strikes
When l was told by my union rep, l nearly had a heart attack, I cannot afford to pay that per week.
All my bills have gone up, but not my wages, work that one out. |
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Re: Pensions - no wonder there are strikes
Firefighters pension contributions will be going up to 13.3% from the 1st April, because they are already paying 11%.
There is a very good reason why firefighters can't be operational until they are 68 (you can't climb a ladder with a zimmer frame). And under employment law, if they are no longer fit enough to do what is a very physically demanding job, then they can be sacked. I'm not going to get into an argument about this. But it's just a couple of things that people should be aware of. |
Re: Pensions - no wonder there are strikes
You forgot to mention that the employers contribute 21.3%....
And according to this consultation document, a firefighter would need to be on £120,000 to pay an additional 2.3%. http://www.communities.gov.uk/docume...df/1985324.pdf page 13 btw, I thought Hutton had recommended 60 as a retirement age for firefighters - where did 68 come from? |
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I wouldn't pay any attention to that consultation document if I were you. We have been told what we will be paying as from the first of april. And none of are on £120,000, I can assure you of that. By 2015 we will be paying 14%. Hutton didn't recommend 60 as a retirement age. He said it should be considered. But the government have just decided to go ahead without considering the implications. If you are dismissed at 59 because you are no linger fit enough to carry out the physical work, then you won't bet your pension until 68. 68 is the retirement age that the government wants to bring in. And they are pushing towards this for all professions. |
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Re: Pensions - no wonder there are strikes
Erm, how many private sector employers contribute 21%?
Re "lowest contribution" - I work in the public sector (education), and my employer contributes 13%, so your statement is incorrect. Re2 firefighters operational until 68, the FBU website states Quote:
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http://www.fbu.org.uk/?page_id=131 |
Re: Pensions - no wonder there are strikes
Personally, I'd quite happily pay an extra 2% if it meant my employer paid 21%..
Incidentally - is your pension payout guaranteed? -i.e. does not fluctuate with the stock exchange? |
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btw, the Local Government Pension Scheme has average employer contributions of 13.6% (according to Unite) And the NHS Pension Fund employers contributions are 14% http://www.nhsemployers.org/SiteColl..._210709_aw.pdf Teachers Pension Fund has contributions of 14.1% http://www.teacherspensions.co.uk/em...mployers13.htm They appear to be lower than 21%....... |
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