Are the Police a Special Case?
20 May 2012, 04:57 PM
#151
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so the money paid into the pension "fund" from police officers, what happened to that?
is it just flat out revenue for the government, or is that money invested in anyway remotley similar to a pension fund sheme?
if its just basically given back to the government -as a flat amount, how could they offer a pension fund worht more than there contributions?
did the government see themselves as a pension scheme and expect the uk economy growth to fund the pensions
i still say if you signed up under these conditions, served the full time and conditions required to get it, then it shouldnt be removed, and also that people should stop moaning about others pensions and try get them down to what there on, and try fight to get there own pensions up to match whats available elsewhere
it does nobody any good to try bring everyone else down imo
pete as has been mentioned above the pension you describe may be still be being paid, but the scheme has long gone, and its future is fintie - is that not enough, or would you like to see those currently receiving it, to have there income reduced?
what would be your ideal outcome?
is it just flat out revenue for the government, or is that money invested in anyway remotley similar to a pension fund sheme?
if its just basically given back to the government -as a flat amount, how could they offer a pension fund worht more than there contributions?
did the government see themselves as a pension scheme and expect the uk economy growth to fund the pensions
i still say if you signed up under these conditions, served the full time and conditions required to get it, then it shouldnt be removed, and also that people should stop moaning about others pensions and try get them down to what there on, and try fight to get there own pensions up to match whats available elsewhere
it does nobody any good to try bring everyone else down imo
pete as has been mentioned above the pension you describe may be still be being paid, but the scheme has long gone, and its future is fintie - is that not enough, or would you like to see those currently receiving it, to have there income reduced?
what would be your ideal outcome?
20 May 2012, 05:19 PM
#153
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i still say if you signed up under these conditions, served the full time and conditions required to get it, then it shouldnt be removed, and also that people should stop moaning about others pensions and try get them down to what there on, and try fight to get there own pensions up to match whats available elsewhere
Police are not payed up front for 30 years work, it is an ongoing contract which either side can ask for changes. For example a Police officer can quit. If they want a 30 year gold plated contract then forfeit the ability to quit.
What you don't get is that the taxpayer employs these people to do a job not to receive charity. The taxpayer has as right to value for money.
20 May 2012, 05:47 PM
#154
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That would only be the case if there was an explicit clause in any contract which said that the government could not cut pay or pensions. AFAIK there is nothing 'gold plated' about public sector contracts such as you imply, and nor should they be, although of course they are much more secure than private sector contracts.
Police are not payed up front for 30 years work, it is an ongoing contract which either side can ask for changes. For example a Police officer can quit. If they want a 30 year gold plated contract then forfeit the ability to quit.
What you don't get is that the taxpayer employs these people to do a job not to receive charity. The taxpayer has as right to value for money.
Police are not payed up front for 30 years work, it is an ongoing contract which either side can ask for changes. For example a Police officer can quit. If they want a 30 year gold plated contract then forfeit the ability to quit.
What you don't get is that the taxpayer employs these people to do a job not to receive charity. The taxpayer has as right to value for money.
yeah i agree we deserve value for money, no doubt. by gold plated, you mean un touchable?
yes i know its not charity, i belive coppers in general do a half decent job, and do tasks now and then that are extremely diffcult and unpleasant.
are they entitled to some kind of financial security after retiring?
should that just go down with private sector pensions?
or just represent the current economic climate?
how can anyone prepair for anything when income cant be garunteed (as much as it can be)
the economy thrives on stablity, and yet people expect others to help the economy grow ect, but with a lower income.
ok i take on point that many feel they are not deserved, what would people say is a fair and adequate payment out of interest?
20 May 2012, 06:04 PM
#155
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Even the 'reduced' benefits of their Terms and Conditions are still above those working in almost every walk of life ...... yet they still - and this is where they match Teachers - moan about how 'hard' they have it.
They need to 'Man Up' basically.
They need to 'Man Up' basically.
20 May 2012, 06:28 PM
#158
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What's fair and could be funded, I'm thinking, is a 1/80th Pension - so, after 40 years you get 1/2 Final Salary - this is payable from age 65 ..... no lump sum.
20 May 2012, 06:48 PM
#159
What a suprise!
And, if you look, it's actually quite close to the New Police Pension Scheme, which has been in force since 2006! So you got what you wanted (give or take a few years service).
And the final salary bit? Are you sure?
Because average salary (index linked) seems much fairer to me.
20 May 2012, 06:50 PM
#160
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why no lump sum?
if it is actually part of your pesnion - so the yearly benefits drop in accordance with the lump sum youve taken. that makes no difference, does it?
what about jobs where natural physical degredation means the individual can no longer give the same performance when they are 55 as a 20 year old could?
being quite probable for the vast majority of the population - where would they stand?
if it is actually part of your pesnion - so the yearly benefits drop in accordance with the lump sum youve taken. that makes no difference, does it?
what about jobs where natural physical degredation means the individual can no longer give the same performance when they are 55 as a 20 year old could?
being quite probable for the vast majority of the population - where would they stand?
20 May 2012, 06:52 PM
#161
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Not the same as my Pension ... at all - but, I do appreciate what the Police contribute to society, so, a nod in that direction.
Career Average for new starters yes.
Career Average for new starters yes.
20 May 2012, 07:02 PM
#162
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Yes the economy likes certainty but for the Gov to guarantee public sector pensions means it guarantees to to raise tax or borrowing to do this to some UNKNOWN level. Paradoxically, the certainty for the public sector would increase the uncertainty for the rest of the economy.
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