Discontent that will end the Tory Govt is coming

[The Future’s Blue!]

And they still talk about Brown's raid on pensions....

82,000 BT Pension Scheme members could be £34k worse-off

The retail prices index will be altered in February 2030, saving the Government £2billion a year in interest payments on inflation-linked bonds.

www.thisismoney.co.uk

Is that the Tories stealing pensions from the workers? Anybody would think this was an assault on those who have worked hard for many years, forcing them to keep in work rather than retiring.

 

[law74]

Is that the Tories stealing pensions from the workers? Anybody would think this was an assault on those who have worked hard for many years, forcing them to keep in work rather than retiring.

With regards to pensions, 23 years ago i took a significant drop in wages to leave the private sector for a career in the public sector.
The three selling points were the final salary pension, career development opportunities and pay progression.
My wage is now £5,000 a year worse than it was 12 years ago, promotion opportunities are all advertised externally and a LOT of my final salary pension is gone.
I am lucky though, I have almost bought my house (18 months of mortgage left), and a loan paid off in 5 months time.
I COULD use the extra poundsin my pocket to start living again rather than just existing, but instead I will be saving the money for three or four years and buying a place in Bulgaria to retire to as my pension there will allow me to live and not merely exist.
Thus money that WOULD have been recycled in the local economy will be boosting the economy of Bulgaria.

 

[Blue Maverick]

Are there any private sector companies striking?...no, they can’t hold a gun at the private sectors collective head!
Are we all in this ‘belt tightening together? Are we fuck!
where does the money come from to pay an extra 17-20%?

Mass delusion on a grand scale.

Er the railways!

 

[Blue Maverick]

The point about 20 years ago was the deficit in public sector pension schemes, which is resl but not included in any figures for national debt. It was two trillion pounds, it is now closer to three trillion. It’s getting bigger and it has to be paid for. Nobody can afford to pay for that, even the cunting rich

Public sector pensions were changed years ago to average rather than final salary, stupidly these tories did a lot of it illegally and as result the government owe £20 billion back in pensions plus they are now paying out compensation, they thought they could steam roll us but thanks to the FBU and the judges union we won. The government are now saying that pension members should be responsible for the deficit when clearly they are not, they are cunts and there are people who have been retired years who are owed upto £50/60 k in backs payments next October.

 

[The Future’s Blue!]

With regards to pensions, 23 years ago i took a significant drop in wages to leave the private sector for a career in the public sector.
The three selling points were the final salary pension, career development opportunities and pay progression.
My wage is now £5,000 a year worse than it was 12 years ago, promotion opportunities are all advertised externally and a LOT of my final salary pension is gone.
I am lucky though, I have almost bought my house (18 months of mortgage left), and a loan paid off in 5 months time.
I COULD use the extra poundsin my pocket to start living again rather than just existing, but instead I will be saving the money for three or four years and buying a place in Bulgaria to retire to as my pension there will allow me to live and not merely exist.
Thus money that WOULD have been recycled in the local economy will be boosting the economy of Bulgaria.

Is the reason your pension hasn’t grown because of lack of progression, ie. higher wage, and because the government changed the pension system?

 

[BringBackSwales]

Public sector pensions were changed years ago to average rather than final salary, stupidly these tories did a lot of it illegally and as result the government owe £20 billion back in pensions plus they are now paying out compensation, they thought they could steam roll us but thanks to the FBU and the judges union we won. The government are now saying that pension members should be responsible for the deficit when clearly they are not, they are cunts and there are people who have been retired years who are owed upto £50/60 k in backs payments next October.

Thanks for the update pal

 

[law74]

Is the reason your pension hasn’t grown because of lack of progression, ie. higher wage, and because the government changed the pension system?

Combination of the government's policy to make workers pay for the bankers recklessness leading up to the 2008 bailout reducing my wages and the change from final salary (deferred pay) pension to career average and then the increase of pensionable age from 65 to 67 for my age group, 68 for those younger.
A rough estimate I have calculated that I will be approx £350 a month worse off in retirement than I would have expected under the terms and condition of employment that I agreed to when taking the job.
Currently the cost of living in Bulgaria is roughly half of here, so if this remains the same or similar, I could LIVE there or exist here.

 

[bluethrunthru]

So - whilst we have kids dying from Strep A as parents struggle to get the antibiotics that they reassured everyone would be available no trouble we now have the power cuts that were not going to happen - if they do combined with everything else I expect a GE by Easter because they will have no record to defend

 

[west didsblue]

Er the railways!

I think a few people have already told him. Funnily enough he’s not been back. It must be quite embarrassing to be shown up as being taken in by the bullshit that passes as news in the Mail, Sun, Telegraph etc.

 

[west didsblue]

So - whilst we have kids dying from Strep A as parents struggle to get the antibiotics that they reassured everyone would be available no trouble we now have the power cuts that were not going to happen - if they do combined with everything else I expect a GE by Easter because they will have no record to defend

Those headlines are remarkable even for the Mail. Power cuts will happen and will be the Met Office’s fault, and Meghan Markle killed the Queen.

Actually on second thoughts, it’s fairly standard for the Mail. I’m only surprised they’ve not blamed Labour for some obscure imaginary Met Office funding decision from 20 years ago, and also blamed Meghan for killing Princess Di.