Teachers to strike?

[squirtyflower]

Let's solve this argument by using the Teachers Pension Fund own model.

http://www.teacherspensions.co.uk/resources/pension_calculator.htm

Let's assume you do 40 years.
In yrs 1-10 you earn 21k
In yrs 11-20 you earn 26k
In yrs 21-30 you earn 31k
In yrs 31-40 you earn 36k

Lifetime gross salary is £1.14m
6.75% of that over 40 years is £76,950.

On retirement you would get a minimum lump sum of £54,000 and an annual pension of £18,000. So that near £77k you've put in is basically used by the time you've been retired for 16 months.

If you live to 77, you'll earn £360,000, having put in £77,000. The other £283,000 has come from the taxpayer. And that's without the other benefits payable to your partner & children.

so we're going to ignore inflation and investment interest

remind me never to listen to financial advice from you PB

You think investment increase and inflation would cover that 3-4 fold increase? Ha

that's one of the problems though isn't it
the government don't invest it, they spend the money as it comes in

 

[Blue Maverick]

The majority of Civil servants pay sod all into their pensions, if anything maybe people should pay more, but leave the retirement age alone, they say people are living longer but been kept alive on drugs when I'm 85 pisssing into a bag is quite franky not a life to me. Trouble is anyone outside the public sector now resents our security and pensions because of their chosen path of making money/profits, didn't see much complaining about my pension 5 years ago when everyone was doing well from the economy. From next year everyone has got to have a pension, unfortunately most won't get to enjoy it because you will work until you are dead or can't really enjoy it anyway so why bother.

Everyone HAS to have a pension? News to me.

As far as I'm aware from next year all employees will have to enter into a pension scheme, I assume if you are self employed it would be different, this is to prevent everyone relying on state pension alone when they retire at the age of 110 ;) by the year 2050.

 

[117 M34]

I will educate some of the ill-informed posters on here.

1) Many teachers not keen on a strike. I was on of 92% of voters who voted in favour of a strike.
2) Why would you have a teacher training day midweek? Teach for 2 days, have a day off, then back in for 2 days. That would intrerrupt the flow of teaching and prevent continuity. And what is wrong with continued development?
3) Why is it wrong to strike over a change in terms of contract? Teachers signed a contract with an agreed pension scheme (already reduced) - why is it ok for someone to renage on that contract?
4) I do have 13 weeks holiday a year...I have magic pixies who organise my class, do my displays, plan all of my lessons, do my subject coordinator work, write my class reports etc, etc.
5) I wish I worked 9-3, trust me I don't. In fact I have a pile of books to mark that I should be doing right now instead of being on here.

If it is so easy, I am trust that you will all have your applications in to uni to do your teaching degree???

 

[SWP's back]

Squirty, if you look, I never complained about the strike action, I simply stated that teacher pensions, like all public sector pensions are not self funded!

Simple arithmetic shows that!

fair enough SWP i never said you did lol

we both agree with the principal

i was arguing against those who are saying its a gold plated pension
they have local government workers mixed up with the civil service, the police and one or two others

Oh I agree, it's far from gold played now though heads of dept or school heads still do very well, pound for pound against public sector workers.

Ps inflation can be discounted on PBs model as the final salary on the model is based on today's figure instead of allowing for an inflationary final salary etc

 

[squirtyflower]

If it is so easy, I am trust that you will all have your applications in to uni to do your teaching degree???

 

[Prestwich_Blue]

so we're going to ignore inflation and investment interest

remind me never to listen to financial advice from you PB

You think investment increase and inflation would cover that 3-4 fold increase? Ha

that's one of the problems though isn't it
the government don't invest it, they spend the money as it comes in

Exactly. That's what people don't realise. And I've just used a simple example with cash figures. The pensions will be subject to a CPI increase which I've ignored.

 

[squirtyflower]

You think investment increase and inflation would cover that 3-4 fold increase? Ha

that's one of the problems though isn't it
the government don't invest it, they spend the money as it comes in

Exactly. That's what people don't realise. And I've just used a simple example with cash figures. The pensions will be subject to a CPI increase which I've ignored.

but that's not the fault of the public sector workers of today
that's the government using the money in years gone by to prop them up

yet it is today's workers they are looking to penalise

 

[johnny on the spot]

I will educate some of the ill-informed posters on here.

1) Many teachers not keen on a strike. I was on of 92% of voters who voted in favour of a strike.
2) Why would you have a teacher training day midweek? Teach for 2 days, have a day off, then back in for 2 days. That would intrerrupt the flow of teaching and prevent continuity. And what is wrong with continued development?
3) Why is it wrong to strike over a change in terms of contract? Teachers signed a contract with an agreed pension scheme (already reduced) - why is it ok for someone to renage on that contract?
4) I do have 13 weeks holiday a year...I have magic pixies who organise my class, do my displays, plan all of my lessons, do my subject coordinator work, write my class reports etc, etc.
5) I wish I worked 9-3, trust me I don't. In fact I have a pile of books to mark that I should be doing right now instead of being on here.

If it is so easy, I am trust that you will all have your applications in to uni to do your teaching degree???

Top post.

 

[SWP's back]

The majority of Civil servants pay sod all into their pensions, if anything maybe people should pay more, but leave the retirement age alone, they say people are living longer but been kept alive on drugs when I'm 85 pisssing into a bag is quite franky not a life to me. Trouble is anyone outside the public sector now resents our security and pensions because of their chosen path of making money/profits, didn't see much complaining about my pension 5 years ago when everyone was doing well from the economy. From next year everyone has got to have a pension, unfortunately most won't get to enjoy it because you will work until you are dead or can't really enjoy it anyway so why bother.

Everyone HAS to have a pension? News to me.

As far as I'm aware from next year all employees will have to enter into a pension scheme, I assume if you are self employed it would be different, this is to prevent everyone relying on state pension alone when they retire at the age of 110 ;) by the year 2050.

Not quite mate, they will have to opt out to avoid a shit group company stskeholder.

At present they have to opt IN (edit it's late, I'm tired)

No one is forced to have one.

 

[LongsightM13]

If it is so easy, I am trust that you will all have your applications in to uni to do your teaching degree???

I know at least five people who have done just this in the last couple of years, and yes, I am seriously considering doing the same.
Why? Because every single one of them has said it is a piece of piss compared to the private sector rat race, and the comparative overall benefits are 'phenomenal' and 'outrageous'.
They start later and finish earlier than me. And despite the counter-intelligence, the holidays ARE ridiculous compared to the working world.
And I say that as a long time trade unionist and former shop steward.
Teachers who think they are hard done by would last about 30 seconds on planet earth.