Public sector pensions "too costly" Options
Polly Moffat (Moderator)
Posted: Wednesday, July 14, 2010 10:44:56 AM
Public sector employees are receiving pensions that are twice the size they should be compared to the amount of money they pay into the schemes, a report says. Peter Tompkins, fellow of the Institute of Actuaries and chairman of the Commission, said: "A true assessment of the value of pensions in the public sector today shows that they are worth twice what the government suggests in its calculation of the contributions that public sector employers pay."
Julie McGowan
Posted: Wednesday, July 14, 2010 10:45:14 AM
Those of us currently in the NHS pension scheme did not set it up and should not be penalised because the people who did so did not look into the future. Also, private sector jobs with the level of responsibility that mine does pay a lot more than mine does and so higher contributions are possible
Mary Melhuish
Posted: Wednesday, July 14, 2010 10:45:29 AM
We have paid our contributions in good faith expecting a decent pension. The government bailed out the banks, now they will have to bail us out and ensure we get the pensions we were promised. They will have to change the scheme for people who join from now on. Its always the same those that try to save for the future get dumped on, if I hadn't worked I would still get a state pension and be entitled to benefits as well!
Julie Coupland
Posted: Wednesday, July 14, 2010 10:45:44 AM
I agree we have paid our contributions- we did not cause the deficit why should we pay for it. The bankers caused it and they were bailed out and 'excused' punish them not us!!
Chris Allison
Posted: Wednesday, July 14, 2010 10:46:01 AM
I have worked as a nurse since 1981 and have never had a decent wage. I contribute to the pension scheme in the hope of having some quality of life when older. Maybe it would be better to just spend everything now and live on benefits - it seems that when you make provision you just get abused. Private sector get paid much more, have many more benefits/bonus payments while they work
Jill Burrows
Posted: Wednesday, July 14, 2010 10:46:28 AM
I agree with all of the above ... been qualified since 1981 and STILL waiting for a decent wage and pension! MPs, government etc all talk rubbish and have absolutely NO idea ... let them live on the minimum wage and pension they would soon start to weep and whinge ...
F Harris
Posted: Wednesday, July 14, 2010 10:46:43 AM
Most nurses who commenced work in the 1980s were paid very low wages. We were told what our contributions towards a pension would be, and were not given the option to pay additional voluntary contributions. We were led to believe that the pension was perfectly adequate for our old age. We have had no opportunities (as most private sector workers) to earn any bonuses whatsoever. We have been led to believe that the contributions made would be carefully invested soundly for our inevitable retirement. We trust that any decisions made as regards our pensions as they currently stand will not change for those who have already been paying in for many years and have no other option than to rely upon their provision in retirement