Public Sector Pensions

[PigletJohn]

But what about those trough-snouting MPs?

epetitions.direct.gov.uk/petitions/22456

Much good it may do....

Have signed - as an ex civil servant it's a cause dear to my heart!

As a soon-to-be ex-CS, it's dear to mine too!

Likewise.

Signed

oh... they've realised it's more generous than the norm, have they? It must have taken them a very long time to notice.

A bit like when the expenses scandal broke, and they all started clamouring to have the rules tightened up. Never mind starting to follow the rules they'd been breaking for years.

Strange how the clamouring didn't start until after the rest of us found out what they'd been up to.

At least MPs have to justify themselves to the public every 5 years. Most public sector workers are set for life unless they fuck up REALLY badly.

Thunderbolt sounds like you are an MP!

Feel free to educate me, thunderbolt.

Would you start please by telling me the date when consultation on overgenerous MPs pensions will start; what the accrual rate is for MPs; and when it started accruing at that rate.

As I obviously know nothing, it will be best if I don't try to answer those questions, but I take it that you are in full possesson of the facts.

Avoiding the accrual rate facts, I see.

denise earlier "At least MPs have to justify themselves to the public every 5 years. Most public sector workers are set for life unless they fuck up REALLY badly."

what a loadof utter bollocks and exactly the sort of thinking the government wants so everyone thinks public sector workers are loaded and on a bloody good whack

dh works in public sector and earns less than 20k, his pension wont set us up for life

and before you say "oh thats why I said most public sector workers, get you facts straight, most public sector workers are in low paid jobs similiar to dh

1/40th for 13.75%? Pay a mere 13.75% before tax and after 20 years get half your salary for the remainder of your life?

If that's OK for our MPs, that's OK for every single person in the UK. To be fair, let's cap the salary at an MPs, as well. So why don't the pension providers offer this? Eek that doesn't work unless it's heavily subsidised!

go back thunder???

have you seen the present cabinet?

@Thunder

To some, being an MP automatically means you must be some rich ladedah barsteward who cares about nothing but filling your own snouts from the public trough.

The only acceptable policies to these types are to tax the rich ever more to pay for the benefits of the poor. Facts like the rich already pay the vast majority of the tax revenues are irrelevant and a rather inconvenient truth.

Thunder, yes, we are both talking about MPs, not the 'servants'. Yes I am of the view that the same deal, since it is so 'modest and deserving and sustainable', should be available to every person in this land, but let's be reasonable, so only as long as they earn up to our hard-pressed MPs' meagre £65k. To avoid all those better heeled folk getting the 1/40th for 13.75%, or half salary after 20 years' work.

Surely even you can see that that's not viable. Which means someone else is footing the bill. As for your trying to separate private from public pensions, clearly you don't realize that all pension funds engage in the same market. So if it works for MPs, it should work for all. The point is that it does not work and it is a massive massive PERK. Paid for by little people like us.

Basically we agree, thunder, that MPs' pension scheme is unsustainable but for the massive underpinning by we little people.

Nobody is asking you to do anything for private pensions. The fact is all pension schemes operate in the same market, so the only reason why MPs' is so nakedly lavish is it's heavily massively subsidized.

So pardon us if we're not impressed at your feeble attempts to portray them as hard-pressed and modestly remunerated.