How exactly are they going to do that? The country is already borrowing millions of extra pounds every single day and unless it gets it under control will go the way of Greece and Italy People are living longer and more people than ever are now employed in the public sector The world economy is broken so existing cash doesnt generate good returns we are already taxed extortionately - after income tax there is vat at 20% on everything + duty on lots of essential items - over half the money earned already goes back to the govenment in some form or another Brown already raided and runied the private sector pensions and the minority of the population that are earning money via private sector companies or self employed just arent going to fund the public sector pensions further when they cant even fund their own private schemes. Its just not realistic to continue the way we are - and yes I know there are some other issues that need to be taken care of - companies like vodafone being told they dont need to pay the billions in tax they owe, a minority of top managers being paid obscene amounts of money for running failing businesses etc but that doesnt take away the fact that something has to be done about public pensions
Re: How exactly are they going to do that? what ever it takes a deal is a deal I agree when brown and labor shafted the working man it was shocking, i i dont work iin the public sectoer but without these people sociiety would shocking thet there deal to be honored derserve
Re: How exactly are they going to do that? Most Public sector pension funds are in Surplus. Hutton did NOT recommend increases in contributions, nor have the Govt produced any figures to say pensions are unsustainable. Furthermore the increases proposed are NOT going into the fund but being used to pay off the deficit. Nothing therefore to stop the Govt in 3-4 years saying there is still a deficit and soing the same again. Need I go on??
Re: How exactly are they going to do that? Are you the real TYRONE???? Because I actually agree with you!!!!!
Re: How exactly are they going to do that? why do people put a massive column in about workers pensions and then end with a little note saying i know theres other issues about tax dodging etc. get as riled and animated about the tax dodgers n we'll be laughing. but they won't they'll just keep being brainwashed and only comment what the conservative inspired media wants the topic of the day to be.
Sorry, but that's nonsense Since it's inception teachers have paid in to the teacher's pension more than £45 billion, yes billion, than has been paid out. Private sector workers funding public sector pensions my arse. I've pretty much kept my mouth shut during all this but some of the stuff said is just rubbish. Anyway Farnham, you missed the point of Tyrone's post. He was simply having a dig at the last Labour government, no more, no less.
Re: Sorry, but that's nonsense The LGPS is in a similar healthy state. It's members could stop paying in and the fund could still pay-out for the next 20 years. We made some concessions a couple of years ago too to make it even more sustainable. And our pensions have been negotiated over years as part of our pay. I don't see why our pensions, that we have contributed to, should be used to mop up the mess caused by others. 1% pay rise announced for 2 years, after 3 years of pay freeze, why don't we go the whole hog and not bother paying public sector workers a salary. We are all work shy wasters anyway, no better than the benefits scroungers. It's proper embarrassing how people have been brainwashed by the tory govt.
to Hutton also said that the pension reform under Labour, which the Tories have changed was affordable. But we'll ignore that..
Re: to Part of the unchallenged political and media narrative to this is that "public sector workers get a better pension than private sector workers." The inference being that all workers should be worse off and not better off than anyone else. This view is just a race to the bottom of the barrel, as well as being an aged old divide and rule tactic. Unions want ALL workers to have good pensions, not just public sector workers. Public sector employees should be for today's events because being against it are the actions of turkeys voting for Christmas.
I had to laugh at the Daily Mail. They had to remove their "Do you support the strikes?" poll, which had a result of 80% yes.
Re: Sorry, but that's nonsense not true, but they did **** up and we will all suffer a long time as a consequence
yes the "Governemtn" need to honor that ...then the teachers might teach literacy that would be a step in the right direction.
Re: How exactly are they going to do that? Most of the public sector pensions are sound for the next 50 years or so under the present conditions, more is currently paid in than is paid out, so the Government could easily honour the current deals for a long time yet. They don't need to make a change at all.
