5 Sep
9:28am, 5 Sep 2024
4,445 posts
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Cheg
My wife is a teacher. The pension is fantastic. Yes the pension contributions are significant from the employee. The employer number is a nothing number. It doesn’t matter. It is government backed and the agree upon payment is made regardless of contribution or return on investment. Dress it up however you want. Those contributions in the private sector by both employer and employee in no way can replace the defined benefit you will enjoy. I can’t make people understand. Tell me you like it so much, be a teacher. But don’t try and tell me it isn’t a great pension. |
5 Sep
9:34am, 5 Sep 2024
11,574 posts
|
Fields
It’s certainly a greatly reduced pension thanks to government (and their media outliers) attacking public sector backers, the message evidently cuts through to you Folk in the private sector should be lobbying their own trade unions to fight for a better deal, not wanting to drag down public sector pensions. |
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5 Sep
9:50am, 5 Sep 2024
4,446 posts
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Cheg
Almost every FTSE 100 company has removed final salary schemes. Becauase they are unaffordable. We can do the whole fight the power, fuck the system stuff. But given increased life expectancy the numbers just don't work. Teachers pensions, employee contributes are about 10%, employer contributes 28.68% and then the government tops up whatever it needs to, to pay the bill the otherside. Not sure if they have a running total of exactly what that is anywhere. You tell every private employer they need to pull another 30% out of their arses you're welcome to. That would also then just mean that the 10% employee and 30% employer get invested and it gives whatever it gives. No guarantees. No top up if it comes up short. |
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5 Sep
9:53am, 5 Sep 2024
4,447 posts
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Cheg
Institute of Economic Affairs did a report if you have the time. iea.org.uk |
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5 Sep
10:00am, 5 Sep 2024
11,575 posts
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Fields
Does your wife know much you resent her pension? She probably finishes work at 3:30 every day too, have a word! Not interested in reading what a right wing free market thinktank has to say, hardly a surprise they’d be attacking workers rights |
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5 Sep
10:02am, 5 Sep 2024
11,576 posts
|
Fields
Funny how FTSE companies still have money for obscene executive pay and rewards, but nothing for the workers. The multiple between the lowest paid and executive worker salary has increased astronomically as has shareholder remittances and your response is that it’s the lowest paid workers who are problem
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5 Sep
10:02am, 5 Sep 2024
4,448 posts
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Cheg
I love her pension from a personal view. But I’ve got the intellectual bandwidth to put that aside when discussing bigger picture stuff. She works hard. She doesn’t need the 13 weeks holiday either. I had my time again I’d teach PE. Not interested in reading other points of view? Nice. I’m sure you’ll find an echo chamber somewhere that’s right up your street. |
5 Sep
10:11am, 5 Sep 2024
45,935 posts
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SPR
I thought we'd accepted that final salary pension schemes aren't in the public sector anymore?
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5 Sep
10:15am, 5 Sep 2024
11,577 posts
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Fields
SPR wrote: I thought we'd accepted that final salary pension schemes aren't in the public sector anymore? @Cheg appears to lack the “intellectual bandwidth” to accept this |
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5 Sep
10:17am, 5 Sep 2024
4,449 posts
|
Cheg
Christ alive. Average salary - defined benefit pension. Next.
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