To think public sector pensions should be slashed?

Yes, we should slash them but Labour won't harm their paymasters.

Hopefully Reform will get in next time and do it.

of course you could be a bot but Ihave decided that Mumsnet is full of harsh, judgemental people who fear straying from the norm and pay the blame game.Many of you simply have no idea how hard peoples lives are and want everything slashed, 'losers' punished, everyone has responsibility for themselves etc etc.In an ideal world yes but people are not on a level playing field.Class, race, sex, transgender, just a bit different, ugly, etc temperamen and family background have so much to do with how people thrive.Then you want hard earned pensions slashed.Since covid I have felt that things have changed and that people are even more selfish hidden behind their Amazon deliveries, their f..off headphones,their phones, their fear of talking to each other,Tik Tok,utter conformity and an inability to see that destination weddings, more than two kids. endless holidays costs the earth. They seem to have no idea that this world is changing big time.It will all go.Have some humility and stop trying to take away the pensions of those who serve.Better directed at government.I wont be missed as Im a weirdo no doubt but I will be back for the household tips.Its like Dickens on this site.jeez

I have a friend who has worked for her council for 40+ years & is still working.
Why should Her work pension be reduced ?
The state pension age is 66, 67, 68

She was hoping to start working part time for a few years, instead of full time.
I believe that this will reduce her work pension.

Ironic post - as many pensioners are on the amazing golden final pension schemes that you mention in your OP and therefore do not need WFA.

Maybe if public sector employees were offered some of the perks that private sector employees were offered, ( not all, I am aware of that, but enough to make many private sector jobs more attractive) then public sector employees would not see a decent pension as the main only perk of their employment.

Private health cover, help with travel costs, car loan agreements, gym membership, clothing allowance, help with school fees these are all things that friends have been offered, and taken up, in the past. All in addition to a personal pension of course.

I think I was once offered the opportunity to have a loan to buy a bike!

Public sector pensions have massively changed also as has been said, but yes they're still very good. Probably too generous to be brutally honest, but anyone can apply for a public sector job, if you want one, go get one, it's one of the reasons I'm in the civil service.

If DH worked in the private sector he would earn at least double his wages.
But as he is public sector his decent pension is the sweetener for doing his job.
For nearly 10 years from 2010 he only had a rise of 1%.

It seems as though people like you want public sector workers to only earn a pittence
and be grateful. Then have no pension.

They already are.

What, again. They've already been slashed .... mine was halved due to scheme changes!!!

Anyone who joined teaching teaching after 2007 - doesn't get the amazing final salary pension outlined in OP post. Anyone who joined teaching after 2007 doesn't have a great pension like it was under the legacy conditions. Granted the teacher pensions are better than many out there - but no longer what they were at all: it just looks a lot better compared to other really bad ones.

Cannot speak for other public sector jobs.

Yep. The pensions have already been slashed, and the salaries remain woeful.

I think you're missing the point made by all the people saying that loads and loads of public sector workers aren't even on final salary pensions any more. They were phased out in many areas years ago. Now you get a career average instead.

I work for a local authority. Yes, there are some highly paid managers, but a huge % of our workforce are admin staff, non-teaching school staff, grounds maintenance, care staff, and non-professional technical officers.

We also employ a high % of women who are in job share or part-time roles.

Most of these are earning between 23-30k a year.

I think if you were to reduce their pension contributions, then the burden on the state at a later date via pension benefits would increase significantly.

Your being unrealistic a lot of the public sector jobs are the toughest choices, the salaries aren't that great and the police as an example are overworked and underpaid, the pe sion at least is decent and they work hard for it. Taking away an incentive to join the force, they will become even more stretched.

Why is it not your instinct to say that yours should match the public sector instead of draghing people down with you?

Public sector pensions are the one monetary benefit to the vast majority of public sector jobs. A lot of public sector roles are dangerous and hard, the ones most likely to get you killed and traumatised for the greater good. The wages are shit and there is no going to the boss to ask for a pay rise! I am the lowest paid by at least £20k out of all my peers. If it’s so great, come and join us- I bet you’ll soon realise you deserve the pension.

This would be a great idea if there was a surplus of people wanting to take public sector jobs but when labour wards run on 6 midwives instead of 14 and there just simply aren't enough nurses/teachers/police, is slashing pensions the way to promote retention.

We already have significant shortages, the wages are low, the hours are not family friendly, the pension is currently a little bit of a sweetener to keep people in the job especially the older workforce who would otherwise leave.

I suspect the pension will be eroded (there's already been big changes) but I don't think now when staffing is such an issue that people are dying daily because of it, is the time.

It's not "taxpayers'" money
It's the workers' money they saved into their pension
I've never worked in the public service, but I would see any attempt to steal from their pension funds as yet another labour wheeze - Maxwell did it, Brown did it, Reeves is planning it

With a DB salary, you don't have a pension pot. 1/49 isn't your contribution, it's the pension you're owed at the end for that year of service. So for that single year, you would be paid 1/49th of it every single year of retirement.

Risk losing all those Labour voters … never

I’ve worked for a Local Authority for a long time. 20 years ago there was a massive difference between my salary as a band H graduate professional and the lower bands.

Now most of the bands below me have been abolished due to the rises in the minimum wage. This, combined with pay freezes and below inflation increases, means that I now get only a small amount more than the admin staff, call centre staff and cleaners. Fucking depressing.
20 years in the job, never had a final salary pension. Long since abolished. You’re talking crap OP

Private sector levels, a lot of us are barely over minimum wage, in fact my employer had to change my pensions, when my contributions actually took me below minimum wage .

Public sector pensions should be slashed, to our levels

They were phased out because Gordon Brown stole a huge wodge from the pension companies making them unaffordable

Expect Reeves to have the same effect with this new wheeze to maximise risk by penio0sn funds by setting them targets to invest solely in UK infrastructure

Many people would simply leave the public sector as the salaries are so low. Once DC leave I'm hoping to join public sector to increase my pension, I can't afford to.do that right now 🤷‍♀️