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Original poster

THE NATIONAL INSURANCE "SURPLUS" CAN AFFORD TO PAY A DECENT STATE PENSION RE- LINKIED TO NATIONAL AVERAGE WAGES.

53 replies

ivanhoe · 09/02/2011 14:37

The National Insurance (NI) system, provides an efficient way of guaranteeing that both employees and employers
fund the pensions of today's retirees, with an annual cost of delivering the basic State pension to each individual of just £5.40 compared to that of the means-tested
Pension Credit of £53.70 (28).

In addition, the Government Actuary has predicted that the fund will have a N.I. surplus by March 2011 of £40 billion. Therefore the NI system must continue.

OP posts:
onimolap · 09/02/2011 14:45

National Insurance scheme was established on 5 July 1948 to provide unemployment benefit, sickness benefit, retirement pensions and other benefits where individuals meet the contribution and other qualifying conditions.

Can you confirm the figures you quote cover all those? And a link?

Because if so, it means the effects of the just-starting-to-retire baby-boomers might not be as dire as some have predicted.

LaurieFairyCake · 09/02/2011 14:48

Really? So why do people get to retire early while I will have to wait til I'm dead?

If what you say is true they can blooming well bring down my retirement age to 60 please.

expatinscotland · 09/02/2011 14:49

Give it a fucking rest, ivanhoe. NO ONE wants to give you or any other boomer more fucking money for your pension.

If there's a surplus, they should be using that towards the deficit so that the next generation (our children, given this is mumsnet) and future ones aren't still paying for the mistakes of the past.

Or the proposed NI increase should be cancelled to ease the burden on today's working people.
Deal with it.

Get off the net and get a second job to pay for yourself.

Original poster
ivanhoe · 09/02/2011 16:30

""""expatinscotland Wed 09-Feb-11 14:49:18
Give it a fucking rest, ivanhoe. NO ONE wants to give you or any other boomer more fucking money for your pension.

If there's a surplus, they should be using that towards the deficit so that the next generation (our children, given this is mumsnet) and future ones aren't still paying for the mistakes of the past.

Or the proposed NI increase should be cancelled to ease the burden on today's working people.
Deal with it.

Get off the net and get a second job to pay for yourself.""""

Ah yes, you scots had the poll tax first, didnt you. tee hee

OP posts:
Original poster
ivanhoe · 09/02/2011 16:34

""Can you confirm the figures you quote cover all those? And a link?""

No sorry I cant, Government secrecy and all that rot.

Basically you are all being fobbed off with untruths, because the government like to keep you ignorant of facts, the more ignorant you are all, the better the government like it.

Suffice to say you are all going to have to work until you drop, because you all content to believe what you are told.

OP posts:
expatinscotland · 09/02/2011 16:40

'Ah yes, you scots had the poll tax first, didnt you. tee hee'

And?

I don't mind working till I drop, ivanhoe, as long as it's not to hand you more money.

Original poster
ivanhoe · 09/02/2011 16:50

Why would you say that to me ?, you dont know me, you know nothing about me.

You come across as a typical highly judgemental British person, when basically my posting is a good posting.

OP posts:
Niceguy2 · 09/02/2011 17:26

As usual Ivanhoe you are deluded but of course don't let reality stand in the way of your socialist claptrap.

National insurance was originally put in place to pay for illness & unemployment and later on extended to cover pensions.

Last year the government took in about £95billion thru NI yet it spends around about that on the NHS alone. Then another £62 billion approx on pensions and that's before you factor in good old income support, JSA, disability etc.

So the only way your figures stack up is if we scrap the NHS and all benefits except for pensions. I assume you'd have a problem with that? Because even as a Tory voter I would!

Original poster
ivanhoe · 09/02/2011 17:31

How anybody could admit to voting Tory in this day and age is beyond me.

OP posts:
Niceguy2 · 09/02/2011 17:53

I take it then since you have no other reply about the facts you posted then that you admit you are wrong (as usual)

Lulumaam · 09/02/2011 17:57

I asked you some questions on a thread recently, which i don't believe you answered

if you are going to keep banging the same drum , to the same tune and asking people to believe you , then back it up with some proper facts

people are living longer healthier lives

the pension cannot cover people for decades. it was on;y ever a short term thing, you retired, you died fairly soon after

things change, the economy changes , that's life.

dreamingofsun · 09/02/2011 18:22

ah so you couldn't answer the questions people asked you in the other thread so you are wimping out and starting a new one

dreamingofsun · 09/02/2011 18:24

i voted tory, but then i can listen to facts and made educated judgments unlike some people who just spout crap endlessley

complimentary · 09/02/2011 18:52

I thought you had been away too long! Where have you been? collating this evidence!Grin

Original poster
ivanhoe · 09/02/2011 18:55

""ah so you couldn't answer the questions people asked you in the other thread so you are wimping out and starting a new one""

For your information I made my information into a new posting because it is worth a new posting.

OP posts:
Original poster
ivanhoe · 09/02/2011 18:56

""i voted tory, but then i can listen to facts and made educated judgments unlike some people who just spout crap endlessley""

Why did you vote Tory ?, unless you are frightened of answering that ?

OP posts:
Niceguy2 · 09/02/2011 18:58

So still no answer to a rather simple question.

Do you admit you were wrong?

Original poster
ivanhoe · 09/02/2011 19:03

If you are asking me that ?, im not wrong.

OP posts:
complimentary · 09/02/2011 19:10

Ivanhoe. How anybody can vote Labour after what they have done to this country! (Too many numerous crimes to mention). Is beyond me!

Niceguy2 · 09/02/2011 19:12

OK, so how would NI "...fund the pensions of today's retirees..." when it receives £95 billion and yet the government spends nearly £200 billion on the things NI was supposed to cover (ie. NHS & all benefits)?

Original poster
ivanhoe · 09/02/2011 19:21

comp, You have a short memory.

OP posts:
complimentary · 09/02/2011 21:05

Ivanhoe. I don't have a short memory.

I FULLY support your posts on wishing that the elderly are treated properly and have adequate state pension. As I've said I don't believe the state pension is high enough, and most on here have not had the CONTACT with the elderly that I have had. If they had they may not be as blase in their flippant comments.

I just don't agree that the Tories treat the elderly any differently than the Labour Party did, in fact when I worked with my poor/destitute/lonely older people they were in power.I have a great deal of respect for the elderly, we will all be older one day.

I would not jump on any bandwagon having a go at you. EVERYONE has the right to express views, which some may disagree with. I agree with your views on how the elderly are treated, just not how we will resolve the terrible state of affairs some find themselves in. Smile.

Original poster
ivanhoe · 09/02/2011 22:01

complimentary.

You and I talked recently, and I told you something that you agreed with, and it was that from 1997, "New" Labour were born, and they were Thatcherite,ie they kept to Thatcher's right wing values, including linking State pensions to inflation, other than national average wages.

When I told you this, you said that I was right.

Yet in your posting above, you seem to have forgotten this, hence my posting that you have a short memory.

However you are right, people are flippant, because they know no better, they are ignorant.

OP posts:
hamstersarsehole · 09/02/2011 22:01

As an aside, would you mind awfully refraining from posting thread titles in Capital letters. It's a criminal offence on MN. And really fucking irritating.

magicbutterfly · 09/02/2011 22:17

Ivanhoe

you have posted this crap on the Orange Current afairs forum many many times. You have never once backed up your claims with any credible source.

You have not worked in donkeys years and you are very near to receiving a state pension.