To think public sector DB pensions should be illegal

Anyone contributing to a pension, DB, DC, Other, should get an extra paid days leave and a £25 gift voucher each year to spend on said day off for getting off their arses, working, paying taxes and paying into a pension to hopefully eat and heat in retirement.

I'll implement when I'm PM, my turn can't be far off.

Haven't you opened up a hornet's nest @OneAmberFinch there's some very defensive recipients of gold plated pensions.

My Local Authority Pension Scheme is in profit - it's not costing you a single penny.

I paid 4% of my salary (iirc) from 1990, I believe the LA paid 7%.

That would be 4% of under £100 per week at the time.

I'd much rather have earned 7% more and saved it in an ISA.

Overtime to increase their chances of death? At the normal overtime rate, I'll go for that, Not.

I think your post is very naughty, and not in the childish mischief vein. We have had periods when companies with long serving workforces ran decent pension schemes that paid out on schedule. We have also had some very high profile rogue schemes, like Maxwell, which were completely fraudulent and unfunded.

But for a lot of self-employed people, like DH and I, the answer was to create a small personal scheme (ours covers DH, DS and me). Ours has been operating since about 2003, it owns a single commercial shed, and our tenant only has to pay the rent to enjoy use of the property. We set the scheme up almost 20 years ago, and it has "washed its face" which means it has covered its costs and put a bit (not riches) into the pot.

I hear all the arguments about someone else paying the mortgage. And they did. But when a brand new tenant goes bankrupt on you, owing £30k for a years rent and has trashed your premises to boot, costing £30k to fix back to the state that you can re-let, and you've required legal advice at every stage, the pension fund has taken a hit of eight or nine years profit. I do not have pockets deep enough to deal with the advisers and their fees. So when the tenancy ends, however it happens, we will sell out and bank the profit., if there is any. And for all the admin, and all the effort, we shall be taxed at roughly 45%. Sorry if young businesses can't find premises to rent. It's the price of socialism.

If you don't know what the problem would be with that you shouldn't be allowed on the internet without a carer.

What about if the pension changes were made for any new joins, in exchange for a higher base salary? Would be interesting to see what those in their 20's for example would think.

If you put your extra salary into a pension does it even out?

A race to the bottom post! Our pensions are basically deferred pay. I could have earned a fortune with my PHYSICS degree but chose to spend since 1989 teaching the nation's children. I have airline and fighter pilots among my alumni, not to mention Rolls Royce Engineers working on nuclear submarines, aeronautical Engineers, IT leaders, radiographers, etc. You're welcome. How on Earth could you move the goalposts once someone has done each year's work? They can't retrospectively change the terms any more than I can retrospectively suck the knowledge out of my students' heads! We have a contract. Its in our Ts and Cs. Your choice was not to take this career path with its relatively low pay but secure pension. We all had the same range of paths to choose from within the appropriate level of academic ability. Your post is utter gibberish.

I think you need to look into it a bit further, the LGPS I’m in is doing so well in funding itself that it’s actually agreed to reduce the amount employers pay in this year.

What about the triple lock state pension? That also binds future governments

They were handsomely rewarded with a blank cheque for overtime.

Amused that you have an 80% poll going against your viewpoint so, democratically speaking, you're outnumbered.

what are you hoping to achieve by this thread - only the rich can retire?

They’re less generous for all staff! Everyone has now been moved into the 2015 scheme which is based on a career average salary! So everyone is getting smaller pensions, despite the fact they are paying in exactly the same percentage!

pension was the only thing that kept us plodding on in the NHS

I think you should cast your mind back to who actually were the most important, required workers during the lockdowns.Who actually put their lives on the line for you and turned up for work, very few from home.
you’re pension shaming those same people.

Where you cannot constrain a future parliament is to say for example, we are abolishing women’s rights forever. A future parliament can reverse that. The most interesting example of parliament reversing a previous parliamentary act is the creation of the Scottish Parliament in the late 1990s, reversing the Act of Union 1707.

What you are confusing is the actions of the state by the executive (previously the monarch, now the government, as in ministers etc) with the actions of parliament. Confusingly in the UK the executive comes from the legislature, when it is separated in some countries (most notably the USA). Parliament is the legislative arm of the state - the judiciary makes up the third arm.

Thus the executive can borrow and loan money and pays our debts and pensions (if you think binding parliament means we cannot pay the pensions of civil servants, then neither can we pay the state pension or benefits either). The executive can do what it wants within the law and part of the law is that states are allowed to enter into contracts with its citizens and with other countries. If we couldn’t do this then global trade and defence would fall apart in a heartbeat.

I would explain more, but you can look this stuff up on Wikipedia. I am not interested in explaining basic democratic concepts to idiots.

This……how many public sector staff are female? Who have had caring responsibilities and who have worked part time or shifts to manage family life? The Pensions for anyone who has worked part time for any periods are shocking

for anyone who thinks it’s so great get your job applications in