to say this to all the teachers who are striking next week

[Memoo]

As a parent I am 100 % behind you.

I really appreciate that you put your life and soul into your job and im sorry more people don't get just how hard you work for the benefit of our children.

Don't let the bastards grind you down!

Question for maths teachers:

How much would it cost for a private sector worker to get an index-linked pension of £10,000?

What size would the, 'pension pot' need to be?

Take into account fluctuating annuity rates.

How much would the public sector worker need to pay in, over their working life?

Please show your working.

"Our health system is enviable" I like to agree on that (DH NHS worker). But NHS will suffer in years to come (50% of money spent on pensioners and we have an aging population) to sustain levels we need to pay more tax/make changes alongwith paying off the hugh debt accumulated (actual debt, yearly deficit ,accumulated pension liabilities and interest....).

You know what pisses me off the most about the proposed changes, this:

A move from a final salary pension to a career average pension scheme.

Because that means that women are going to yet again be penalised for having babies and taking time to raise their kids.

(have re-posted this from another thread with the same argument raging)

Please include employer (magic porridge pot government contribution) in your workings.

(For extra mark, do the same calculations for a private sector worker, with commesurate employer contributions)

Losing trust where did it say TUS was sustainable? With 14% employer contribution!!!!!!!!!

Genuine interest-

How much is an average teachers salary?
How much is the average salary?

What is the average teachers pension?
What is the average pension?

I know this is not just about teachers, and that many public sectors are on very low pay with minimal pensions, which to me is an issue in it's own right.

But teachers are in a good position, salary wise and pension wise. I don't begrudge them that except when they strike about this and inconvenience many others who are worse off.

This is not the miners, this is not about industries and communities being wiped out, this is not about families on the bread line unable to cope. This is about the privileged not wanting to give up any of those privileges and expecting others who never had those privileges to support them.

magic
porridge
pot

Lordlovely, you're such a suppported of the proposed changes, how do you feel about what I posted above? And you can always go to the TPS website for the answer to your questions - it's not like the information is being hidden.

Sorry repost:

Okay this from NUT website:"Hutton Report on Public Sector Pensions - press release

• 9 March 2011.

Commenting ahead of Lord Hutton?s report on public sector pensions, Christine Blower, General Secretary of the National Union of Teachers, the largest teachers? union said;

?Lord Hutton in his first report last October recognised that public sector pensions are far from ?gold plated? and that the changes already made in 2007 are cutting their costs. Despite this, he appears to have swallowed the lie that public sector pensions are still unaffordable."

?The National Audit Office has confirmed that public sector pension costs are falling as expected due to the reforms already in place. Teachers are already paying more, the normal pension age has been raised to 65 for new entrants and employer contributions have been capped."

More recent info from NUT website:
"Lord Hutton?s final report on 10 March has set out various options for change ? all will cut our pensions."

Sounds like he wanted change.

Sorry, this does not say it is sustainable, merely costs are falling.Please point out where it claims to be sustainable long term. Oh and in 2007 this allows for employer 14% contribution compared to employee 6.4% (have heard 6.8% quoted previously but 6.4% is from an NUT website presentation). This would be rarely (if ever) the case in the private sector.

Whoops I totally misquoted earlier What the man on the radio actually said about how he felt teachers striking was wrong was "thankfully the staff at my school aren't striking as they are excellent and professional"
It made me cross.

Anyone? Or are you ignoring this fact?

Not a maths teacher - but recently looked into how to get £10,000 per year private pension provision - basically from age 40 (to 67) you need to save starting at £3.5K for the first year increasing by 4%pa - assuming growth of invested money of 4% above inflation - hahahahaha - so the pension pot would need to be - in my scientific opinion - LOTS!

iggy, it is not an employer contribution. It is a taxpayer / government/
magic
porridge
pot
contribution.
And these clowns are teaching maths!
financially illiterate if they don't know how lucky they are compared to Ireland, Portugal, Italy, Greece, Latvia, etc.
No wonder we languish at the bottom of the global league of educational achievement.

I support the strike, all the strikers in the public sector.
I have no childcare for that day. I will not be able to work. I will loose money a really can't afford to loose BUT what is one days lost pay to me compared with the proposed changes, nothing, absolutely nothing, I happily give up my days pay in support.
I feel in away our school are being to understanding of some parents views on the lost day of education as they are now going to be open to pupils on a day that was going to be an inset day. They also decided not to strike on the first day of action so as not to disrupt children and inconvenience parents. I commend them and appreciate greatly their devotion to my children's education and their consideration of me as a parent but on this matter I feel they are loosing some of the impact of striking.

You are being unreasonable. How do you expect the country to get out of the financial mess it finds itself in without making cutbacks somewhere? You can't just stick your head in the sand and continue to spend in wild abandon.

lordlovely any reply to my question?

Teachers are very well paid compared to NHS workers.

Beepbeep, where are you? Send your DC to me, I'll look after them for you!

Well said emmam25! That's just what I was thinking about clarabump's post. It's no wonder some people think us teachers have it easy if that's the view some have of a typical day. I'm well into my third hour of prep and marking tonight. Not complaining mind you, just telling it how it is!

Fortsnob
The global economy has changed since Labour bribed public service workers in return for votes. Pace the number of TAs being laid off. The world has changed. Have a look at the international/financial pages.

Lordlovely, you mean Igly (pointing this out as our positions are opposite despite similar names!)

Have to laugh at the people on this thread saying its about time the public sector started feeling some of the pain. My public sector employer has had a constant round of redundancies for the past 2 or 3 years. HUNDREDs of people have been made redundant (possibly 30% of workforce), in an area where my employer is one of very few large organisations. Many local families have one parent who has lost their job as a result, possibly with the other parent on reduced hours/pay freeze etc. This is not something that is just about to happen, it is ALREADY happening!

Why cant we just pay more taxes like Norway? (ducks as about to get flamed/ridiculed emoticon)

Lots of the posters here seem to be saying:

'We're going to work harder, for longer, and have to pay more to our pensions as well - now how is that fair?'

Well, yes, sadly, it may not feel fair but it is. What's been unfair is that left wing governments and unions have engineered a financially unsustainable model leaving people deluded about how they can live in their old age.

Change is the only thing that is fair to the next generation. Teachers who are whining about working til they're 68 might like to bear in mind that they could well live to 108 - easily. What, should the next generation have to fund 40 years of pension? Don't kid yourself that you've paid enough into your pot to fund 40 years of pension. And there's the problem.

Why should a worse off generation pick up the slack for you? Our current DCs shouldn't have to. Plus, if strikes were to encourage the wider financial markets that the British population is too economically literate to understand the measures needed, then we and the next generation will be wasting more public money simply by paying the increased interest on our Bonds that our creditors will demand of us.

Childminders, who are genuinely low-paid, should do well out of these series of strikes. There are plenty of unemployed teachers who are willing to fill any posts should any current teachers choose to leave their 'profession' if we can term it such, given the place that the UK occupies in the global league.

All power to home educators. It couldn't get much worse.