HMG Pensions swindle

Discussion in 'Current Affairs, News and Analysis' started by fingers_1661, Feb 22, 2009.

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  1. Unfortunately not only is this not new, but other Governments elsewhere in Europe are doing the same, eg Germany. The common problems are shrinking native populations, excessive unemployment, and pensioners who live too long.

    The military pensioners need not worry however






    well not just yet.
     
  2. As stated elsewhere, this is nothing new. Unfortunately, successive governments have avoided taking action. Far better that you and your mates stay in power for the next 5 years than deal honestly and openly with a financially unsustainable Pension system.

    Put simply all final salary schemes should by now have closed, with the possible exception of the military, police, firemen etc, and all should be on the less attractive money purchase schemes. If these are invested in early enough, there is every reason to expect them to provide a reasonable return. Forcing people to make provision for their retirement throughout their working lives has been talked of for years. No Govt can really avoid this anymore, and let's face it, this lot are fecked so they may as well introduce it now, while they can. No successive adminisatration would reverse the decision!

    In addition, the state pension should be means tested and should only be payed to those that do not have other measures in place. You could argue that those that have never worked should not be eligible for any pension, but the alternative, that huge swathes of the population are left penniless after 65, is more than any modern society could or should stomach. The reason why they have never worked is a separate debate all together, and is mulled over repeatedly.

    If the very wealthy were taxed properly some of this money would certainly help to ease the situation. Once again, however, neither side of the House will ever really get a grip of this, so the unfair situation will continue.

    Meanwhile some poor cow of a Civil Servant, who never earned more than £12,000 a year and who missed credits to stay at home with a responsible 1 or 2 kids, rather than the oft-seen 6 or 7, can claim her £6,000 pa pension, and continue to have scorn poured on her by poiticians and the editors of newspapers, who are, of course, safe in the knowledge that they will remain financially secure into their dotage whatever happens in the future.

    :x :x :x :x :x :x :x :x :x :x
     
  3. Just as Road Tax does not pay for the roads, National Insurance does not pay for your pension, or the NHS (as many people seem to think) or any other allowance. National Insurance is just another stealth tax, like any other that the blessed Gordon is so fond of using. The proceeds of National Insurance go into the big bucket marked 'waste me'. The Government admitted this a few years ago when Gordon raised NI contributions yet again.
     
  4. Hate to argue with a man with such a fine milking gif, but the miliatry do pay for their pension. The amount you get in X-factor is abated by the benefit of of having a free pension (as well as other benfits). Just cos you don't see it as a deduction on you pay slip doesn't mean it isn't taken away. If you don't serve long enough to get a full pension, it is a double whammy in many ways.

    Now if you want to see a really corupt pension scheme look at MPs and Ministers in particular. The justification for such a generous immediate pension is that they may not get re-elected. Well who's fault is that? Any MP who is worth their salt and looks after his/her constituents properly and behaves in an honourable way should get re-elected. If they don't they are in effect being sacked, so should get nothing unless they have done say 22 years or so (similar to police, military etc). Do we give immediate pensions to soldiers and officers who do just 5 years - no. If politicians didn't like the pension arrangements - there are plenty to replace them.
     
  5. The forces pension is based on the assumption that many ex-servicemen will not live more than (I think) 5 years after demob. I don't know about now, but certainly in the days when jolly jack got his tot of rum and 20 full strength ciggies every day and squaddies got duty frees in BAOR, it was probably true.
     
  6. Yes you do, you get the basic state pension. You don't get the second state pension but you're paying reduced rate NICs as a result
     
  7. They don't get an immediate pension, they have to wait till 60/65 (depending on when they first joined)
     
  8. 'They don't get an immediate pension, they have to wait till 60/65 (depending on when they first joined)'

    They do, however, get paid for a year after they lose/resign their seats. I believe that Bliar is drawing his 68,000 a year pension now (according to the ST) and he is certainly not 65.
     
  9. Is this a bite? Or are you seriously suggesting that those that have spent their working lives supporting their own families; as well as Kylie, Chardonnay and their 6 kids by 6 different dads; have not had regular holidays (insert any financial saving) in order to put £150 a month (insert any amount) into a pension plan, are then kicked in the nuts so that Kylie can enjoy her golden years with her 81 great great grankids on a decent pension?

    I agree but IMO we are to PC when it comes to the terminally lazy as opposed to the genuinely unfortunate. Food coupons not beer tokens should be the order of the day. If they are to embarrassed by these then HMG should have an arrangement with Tesco (insert any company) to deliver to their door!

    I believe that the AFPRB give the pension a % value each year, effectively giving a notional higher salary ie they say it is worth 7% and a £20,000 salary becomes £21,700 during their deliberations on the pay rise.
    IMD
     
  10. Yet another shot in the war begun by rightists to do the Police, armed forces and other public workers out of their pensions.

    Look at Ireland:


    Dublin. About 100,000 people have taken part in protests in Dublin city centre to vent their anger at the Irish government's handling of the country's recession, BBC revealed. They oppose plans to impose a pension levy on 350,000 public sector workers. Trade union organisers of the march said workers did not cause the economic crisis but were having to pay for it.

    http://www.focus-fen.net/index.php?id=n171754
     
  11. I liked this comment on the link:

    Obviously not a maths teacher then :D