Wisper10 Dotjones "The problem is pensioners on final salary schemes retiring in their 50s then just enjoying life at our expense".
Can you please explain how you have contributed to my private pension. If you have I'm ever so grateful but just to let you know that the company never told me anything, I'm wondering whether they pocketed the money rather than put it into the pot of money that I'd been accumulating for 42 years
If I may butt in. Perhaps not you, but there were certainly unsustainable practises in the past regarding final salary pension schemes and early retirement which are not available or sustainable now. I earlier gave the example of my FIL, who retired at 50. Not mid or late fifties, but 50 on the dot. He worked for 26 years in his entire life, and in a lower level admin job like his, it is simply not possible to accumulate enough savings from working for a 3rd of your life to live at the level he is doing. I don't know the details of how his company financed it, and it seems likely that he was one of those ones they got rid of by offering retirement, but there it is.
Society simply cannot afford these generous schemes any more for fairly ordinary workers. Now it seems that in your case, you worked rather harder than my FIL and paid more in tax but he had a fairly ordinary job and not in one of the essential fields, such as police, fire or medical either, just in a large private company.
Somewhat entertainingly (you have to laugh or you'd cry), FIL thinks there is something wrong with DH and I that we "haven't worked hard enough" in order to be able to retire at 50 too, although unlike him, we have professional, degree qualified jobs. He isn't even aware of the rules on the age you have to be to take your pension now, etc. So insulated has he been from the realities of life that he comes across as a spoilt child. Him and MIL have a remarkably well funded retirement (she was a teacher who retired at 55) for people who retired so early, but still like to pull the "we are poor pensioners" line when it suits them. I think they do actually believe that they worked really hard (and MIL did) so as to be able to afford their quite lavish lifestyle (6 bedroom house, holiday home, 2 cars, motorhome, 2 additional foreign holidays per year, etc), and that "young people today" ie everyone else simply hasn't worked hard enough.