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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

to not give a fig about my pension and just be grateful for having a job?

87 replies

nevergoogle · 05/11/2011 18:57

arf at fig Grin

public sector strikes brewing.

what do you think? what's actually going on?

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tiredemma · 05/11/2011 22:04

This whole issue is actually quite depressing. As someone has already pointed out- any increase in monthly contributions will have a huge impact on my family.

gaelicsheep · 05/11/2011 22:06

tiredemma Sad. If I was south of the border I would be having to seriously consider leaving the pension scheme.

tiredemma · 05/11/2011 22:08

Seriously? Rather ignorantly I dont even know what my other options are. Private Pension funds also scare the hell out of me.

gaelicsheep · 05/11/2011 22:14

Oh I don't know what we'd do tbh. I know our finances are on a knife edge and we couldn't absorb any extra pension costs. Maybe we'd swallow it, but it would mean cutting back on food or heating. Pretty galling when you know you're ending up with a worse deal at the end of the day.

They should definitely cap the pension for the highest paid, but of course they'd never do that as they're the core vote. I just find the attack on local authority pensions totally unforgiveable as they are not a taxpayer liability beyond the initial contributions. I also feel for other public sector workers who are facing increased contributions. I've struggled to sympathise with those eg civil servants, who currently pay very little, but again I guess they've budgeted on the basis of their current pay and so might struggle to adapt.

EricNorthmansMistress · 05/11/2011 22:19

I can't possibly see how we can absorb £75+ more per month out of my wage. I really don't. Especially since I'm having to re-train to do my job at my own expense starting next October - which will cost me that and more in monthly payments for 4 years or more. I will have to pull out I think if this goes ahead :( This will fuck me over as I opted out when I was first employed at 23 and you only get to opt back in once. I don't trust private pensions either.

gaelicsheep · 05/11/2011 22:24

If this was anything at all to do with future liabilities, people would get the option to pay the same for less. They are not getting that option, which to my mind means that this is about getting the country out of the sht and it's f all to do with pension liabilities.

Beamur · 05/11/2011 22:27

Spot on gaelicsheep

nevergoogle · 05/11/2011 22:28

i wonder if my who gives a fuck attitude comes from the fact that we have been affected by the recession for years. DH lost his job 3 years ago. We couldn't afford to pay any more in my pension contribution, just not possible (in fact should have cancelled it by now but haven't got round to it), despite already having sold our house to survive. so i will ditch any hopes of a pension...but i am grateful for my job.
i don't get the whining, it is what is it. deal with it.

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tiredemma · 05/11/2011 22:28

Eric- I work in a medium secure hospital and get and extra £90 per month for working in this area (high incidences of attacks from patients etc). This money is being pulled in December. So im looking at being just under £200 a month worse off with the increase in pensions.

When I read it in black and white I just want to cry.

feedtheghoul · 05/11/2011 22:29

Talk of gold plated pensions always makes me laugh anyway. I think the Daily Mail likes to make out we are all on huge salaries and in line for enormous 'free' pensions.

The truth is, as a LA worker,if I was fulltime, I would earn about 10 k under the national average. For a stressful job, it is not a great wage. Dh manages a team in NHS and just scrapes the national average. I am not playing woe is me, we have jobs (for now) and are grateful. But our pensions aren't bloody 'great' and we pay a decent percentage in.

Tbh, pensions aren't my big gripe. We haven't had a pay rise in ages. My LA has announced that they are planning on making us all redundant early next year and then rehiring us if we accept revised terms and conditions. The terms are not finalised yet but will likely include a 5.4 % pay cut.

I accept that this is happening in the private sector too. But our pay rises have been none existent or beyond poor for years now. When times are good, and the private sector is raking in big pay rises and huge bonuses, we are grateful to get 2.5 %. Our xmas bonus was to be allowed to leave at 3pm on xmas eve (bearing in mind you had to make the 2 hours up on your clock at another time).

When times are good in the private sector, we are considered mugs at best, substandard and inferior at worst. Nobody cares that we don't get bonuses and decent pay rises then. But when times are hard, we are suddenly viewed as lucky and grabbing with our (perceived) job security.

The things which were the only perks for poor pay and no chance of bonuses were things like flexi time and flexible working patterns and these seem to be disappearing anyway. I'd love to know if the public at large will hold such strong views about our pay if the economy recovers and their payrises are back to eclipsing ours.

gaelicsheep · 05/11/2011 22:30

You should all move to Scotland and vote for independence. Grin

tethersend · 05/11/2011 22:31

Public sector pensions are not bleeding the country dry.

It's risible to even suggest that they are.

gaelicsheep · 05/11/2011 22:31

Sorry, that sounds smug. I'm just grateful we're being left alone for now. Seriously though, I've never been so glad as I am right now that we have another layer of Government cushioning us from the imbeciles in Westminster.

nevergoogle · 05/11/2011 22:31

i just left scotland. no way, at least it's sunny here Wink

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gaelicsheep · 05/11/2011 22:33

Hey, we can do sun. Nairn in Highland is the sunniest place in the UK, apparently.

suzikettles · 05/11/2011 22:33

The NHS pension is Superannuation, which isn't a pension fund as such but more like a voluntary tax, albeit one that you pay on the understanding that you'll get benefits back later on.

So the increases will be going to pay the pensions of current pensioners surely? Or will be surplus and pay of general debt I guess.

What exactly would happen if we all went "sod it, I can't afford £100 per month and I'll likely be dead before I can claim my pension", and all dropped out of the scheme? Wouldn't that be a rather large hole to be filled?

I realise my pension is a valuable benefit, but the increase is going to hurt like hell.

nevergoogle · 05/11/2011 22:35

nairn? fark off. not if you offered me a big fat pension.

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suzikettles · 05/11/2011 22:35

gaelicsheep - NHS pensions are being affected in Scotland. Alex Salmond sent a letter out to all of the Health Boards saying they had no choice.

nevergoogle · 05/11/2011 22:36

just remembered my brothers work there Blush

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gaelicsheep · 05/11/2011 22:37

I know, I remember reading that. I'm local government which thankfully isn't being affected. I was being flippant about Scotland, sorry. It's a serious issue and I really feel for those concerned. The general public are being total arses about the public sector right now (and always).

pointythings · 05/11/2011 22:40

We can absorb the additional cost and I am not in a backbreaking role (NHS IT) but I really feel for those on the front line who are being hit - and who knows, they're doing this now, will they do it again and make things worse still? For how long is the gold-plated NHS pensions going to be worth it?

I'm beginning to think all workers in the UK should go on a pension strike and then they can pay us all benefits, see how they like that.

PreHeatedOven · 05/11/2011 22:46

I'm glad I've never bothered with a pension and frankly I think my money for a private pension is safest under my mattress so to speak.

gaelicsheep · 05/11/2011 22:49

I'm starting to wonder the same thing, contributions increase or not. It is alarming that the Government can at any time pull the rug out from under our feet.

VivaLeBeaver · 05/11/2011 23:00

I'm in the 2008 nhs pension scheme. So not a final salary one but career average. I'm not sure if I'm affected by these proposals or not. Am sticking my head in the sand. I can't afford to pay anymore, not with the pay freeze and the non payment of overtime, etc.

nevergoogle · 05/11/2011 23:22

we're doooooooomed!

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