*and it can't be right to rob peter to pay paul.
EXACTLY. Right now it's "I want my pension that I was promised. I don't care you can't afford to pay for it anymore. You can tax our kids instead". So our kids are Peter and the strikers are Paul.*
I'll tell you what. Many of my co-workers are coming out of the pension fund because they cannot AFFORD the £139 a month that it is costing us to be in it, and thats at CURRENT levels. That's what I pay, and my pension will be under 5 GRAND A YEAR. For me to have a reasonable pension,it is estimated that I will need to put in another £200 a month till I retire in the form of AVC's
Private pensions take people of out pension credit,HB and CTB. Plus many of the other benefits that older people are entitled to. So how about we ALL come out the pension fund, and then our future generations will pay for our care, pay our pension credit and the pensioners of tomorrow will even more of a burden on the taxpayer. I estimated with the pension I get, I will be £40 a week better off in money that I have,but will lose in other ways.
At retirement age,we will still be liable for tax, and still able to contribute to the economy through taxes etc. Less of a drain on the overburdened benefits system. So it is a simple choice, govt pay for it now, or pay for it later. The government have already stated that they are running scared when the people born in the 60's and 70's reach retirement age,because there are not enough young people to support the system. Already we have a system where there are nurses and teachers who cannot afford to retire because their pensions are not what they expected, creating a glut at the top, and partly responsible for trained teachers and nurses, who cannot get jobs.
The pensions crisis is going to get a LOT worse than next Wednesday and public sector strikes.