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Post by boothenboy75 on Apr 18, 2016 17:08:34 GMT
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Post by lawrieleslie on Apr 19, 2016 15:45:20 GMT
The whole problem with state pensions started the minute they came into existence in 1947 I think it was. There was no fund set up to cover the cost so it relied on the taxes and NI paid by the then current working population and has been ever since. Consequently as longevity has increased along with the aging population so the pensions burden gets ever bigger. We need a bigger working population hence successive government reluctance to stem immigration more than by a token amount. But of course this just puts the problem onto future generations. In 100 years time I doubt that state pensions will exist because of the spiralling and crippling cost. Work place and private pensions will be the future imo.
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Pensions
Apr 19, 2016 16:05:57 GMT
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Post by britsabroad on Apr 19, 2016 16:05:57 GMT
Biggest issue facing the country imo. Public and state pensions will be crippling in a decade or two. It was ridiculous to give out such generous terms for so long.
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Pensions
Apr 19, 2016 18:40:52 GMT
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Post by mumf on Apr 19, 2016 18:40:52 GMT
Biggest issue facing the country imo. Public and state pensions will be crippling in a decade or two. It was ridiculous to give out such generous terms for so long. There is a massive gulf in pensioner incomes out there. Pensioner poverty will become an even greater problem than it is now. Unless you are ploughing into your pension vast sums of money (in the region of a couple of hundred thousand over your lifetime) then the prospect is bleak for all private pensions. You may expect a pension of ten thousand pounds....
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Post by turtlefox on Apr 19, 2016 19:09:59 GMT
We'll see an epidemic in a OAP crimewave soon. Gone are the days of being nervous around kids with hoodies, it's the people with walking sticks you will have to look out for.
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Post by mumf on Apr 19, 2016 19:13:23 GMT
We'll see an epidemic in a OAP crimewave soon. Gone are the days of being nervous around kids with hoodies, it's the people with walking sticks you will have to look out for. Ha ha ha...Nice one , but in reality the poorer ones tend to die much earlier ....
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Post by maninasuitcase on Apr 19, 2016 19:38:13 GMT
Soylent green just around the corner.
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Pensions
Apr 19, 2016 20:12:51 GMT
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Post by richie22 on Apr 19, 2016 20:12:51 GMT
Pensions, for me the greatest time bomb.... I have a Scotish widows that I put into monthly and a company pension run by 'nest' , both performing poorly . I was very reluctant to start after my old man got fleeced through his creda pension scheme, however like he says there will come a time much sooner than we think where there is no such thing as a state pension, and the the government (as they already do in some cases of 'care') will force you to liquidate your assets to support yourself , it will matter little whether you've worked all your life... Incidentally read my girlfriends pension report from the nhs, beats anything I could find hands down and my brother ex. Staffordshire regiment, medical discharge on a good pension £600 a month before tax , 34 years old . Was offered plenty of incentives to defer taking it
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Post by Gods on Apr 19, 2016 22:46:54 GMT
Yes indeed we have mortgaged the future with public sector pensions in an unsustainable way and in turn sold our children down the river. Trouble is no political party of any colour will get a hold of it, electoral terms are not long enough, it would be political suicide. There is no answer, the horse has bolted, it is only going to get worse with every passing report that says we will all live for longer and longer
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Post by britsabroad on Apr 20, 2016 1:23:10 GMT
Yes indeed we have mortgaged the future with public sector pensions in an unsustainable way and in turn sold our children down the river. Trouble is no political party of any colour will get a hold of it, electoral terms are not long enough, it would be political suicide. There is no answer, the horse has bolted, it is only going to get worse with every passing report that says we will all live for longer and longer And that was the problem with a certain war criminal plumping up the public sector to bursting. Guaranteed votes and guaranteed liabilities. We have yet to realise just how much damage he did to this country.
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Post by 4372 on Apr 20, 2016 22:59:58 GMT
How can you call that "an independent report into public sector pensions? It seems to have been published by the Adam Smith Institute.
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Post by boothenboy75 on Apr 21, 2016 19:42:07 GMT
Are they not independent then? Here's an article that explains the mess that public sector pensions are in. www.telegraph.co.uk/news/2016/04/21/i-weep-for-gps-and-their-1-million-pension-pots/Who to blame the most? Prescott, Blair, Osborne, Cameron? Still the junior docs will be on strike soon, and who can blame them. The caring profession having to work weekends and all for a miserly £1 million pension pot. The poor lambs.
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Post by PotteringThrough on Apr 21, 2016 19:51:02 GMT
Are they not independent then? Here's an article that explains the mess that public sector pensions are in. www.telegraph.co.uk/news/2016/04/21/i-weep-for-gps-and-their-1-million-pension-pots/Who to blame the most? Prescott, Blair, Osborne, Cameron? Still the junior docs will be on strike soon, and who can blame them. The caring profession having to work weekends and all for a miserly £1 million pension pot. The poor lambs. Yeah, they're all in it for the pensions. The sods. In fact it's such a piss easy job why don't we all do it?
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Post by boothenboy75 on Apr 21, 2016 20:03:24 GMT
Are they not independent then? Here's an article that explains the mess that public sector pensions are in. www.telegraph.co.uk/news/2016/04/21/i-weep-for-gps-and-their-1-million-pension-pots/Who to blame the most? Prescott, Blair, Osborne, Cameron? Still the junior docs will be on strike soon, and who can blame them. The caring profession having to work weekends and all for a miserly £1 million pension pot. The poor lambs. Yeah, they're all in it for the pensions. The sods. In fact it's such a piss easy job why don't we all do it? Quite right too. Fuck the future generations I'd much rather carry on as we are and saddle each household with a £50k debt to cover public sector pensions the greatest pyramid scheme the world has ever seen. That there are a sizeable part of the population that can't afford to contribute to their own pension, whilst paying tax to cover other unfunded plans is immoral, in my own opinion of course.
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Post by 4372 on Apr 21, 2016 21:13:57 GMT
Lol. First reference is a publication offered by the Adam Smith Institute. Second reference is to an article in the Telegraph. This story must be a true and accurate summary.
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Post by boothenboy75 on Apr 22, 2016 15:07:21 GMT
Lol. First reference is a publication offered by the Adam Smith Institute. Second reference is to an article in the Telegraph. This story must be a true and accurate summary. So are they independent or not? You might not agree with much that they have to say, it doesn't mean they aren't. There must be many sources that say how affordable public sector pensions are, I'm sure you'd be able to point me in the right direction? It's strange though how nobody would be able to buy such a deal from any private pension provider, unless you know otherwise and if so let me know as I'd sign up tomorrow.
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Post by trentvale68 on Apr 22, 2016 18:57:22 GMT
All public sector pensions should be finished and the employees have to do the same as those in the private sector, either make their own more modest provision or settle for the state pension but not enjoy better at the expense of the taxpayer
Its crazy how certain occupations can retire at 50 with a pension for life, when others are made redundant at the same age and have to look for work. There are no jobs for life so that argument doesn't hold.
Its about fairness for all
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Post by 4372 on Apr 22, 2016 19:51:56 GMT
I haven't read the report, and I don't need to. The fact that it was published by a right wing think tank tells me enough about its status. The Telegraph and The Adam Smith Institute are both in favour of cutting down the role of the state.
Plenty of people have chosen public service as their career, and they have been offered this pension as part of their financial package. The choice to work in the private or the public sector is available to all of us.
All of us in the public sector pay our taxes too, usually by PAYE, so you can be sure that we pay our way. Finally, you say that you consider it to be immoral that people in the private sector pay tax to meet the cost of these pensions. All of us have to pay tax, and we do not have a say how it is all spent. I struggle to pay tax when I know it will be spent on the monarchy, or military adventures abroad, but I have to accept it.
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Post by boothenboy75 on Apr 22, 2016 22:13:48 GMT
I don't blame those in the public sector for clinging on to their bloated pensions, after all turkeys don't vote for Christmas. However, anyone starting out now working in the public sector must realise that they've been born 20/30 years too late. Unfortunately successive governments have bottled it and left it to the next lot to sort out. The day is fast approaching where there will be nowt to pay out. Not just for the public sector but for those who are expecting any sort of state pension. Within most of our lifetimes the state will force people to liquidize their assets to fund their retirements.
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Post by trentvale68 on Apr 22, 2016 22:23:00 GMT
I don't blame those in the public sector for clinging on to their bloated pensions, after all turkeys don't vote for Christmas. However, anyone starting out now working in the public sector must realise that they've been born 20/30 years too late. Unfortunately successive governments have bottled it and left it to the next lot to sort out. The day is fast approaching where there will be nowt to pay out. Not just for the public sector but for those who are expecting any sort of state pension. Within most of our lifetimes the state will force people to liquidize their assets to fund their retirements. The thing with the state pension is its not actually a benefit, you pay in to get it. 35 years full contributions; any less then you get it less how many of 35 parts for any missing years. 1/35 for each missing year.
Don't know how you could force people to do that re liquidizing assets??t; if you force them to say sell a property then where do they live (obviously we are talking not a care home scenario)
If things get that bad, there will be major unrest on the streets im sure.
The bottom line is if the due tax was collected from big business this would not be necessary anyway
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Pensions
Apr 23, 2016 0:14:58 GMT
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Post by salopstick on Apr 23, 2016 0:14:58 GMT
All public sector pensions should be finished and the employees have to do the same as those in the private sector, either make their own more modest provision or settle for the state pension but not enjoy better at the expense of the taxpayer Its crazy how certain occupations can retire at 50 with a pension for life, when others are made redundant at the same age and have to look for work. There are no jobs for life so that argument doesn't hold. Its about fairness for all i sort of agree Public sector pensions should be capped at a sensible level. I have s modest public sector pension but it is no where near in the league of say a doctor on 50k+
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Post by mumf on Apr 23, 2016 0:31:40 GMT
All public sector pensions should be finished and the employees have to do the same as those in the private sector, either make their own more modest provision or settle for the state pension but not enjoy better at the expense of the taxpayer Its crazy how certain occupations can retire at 50 with a pension for life, when others are made redundant at the same age and have to look for work. There are no jobs for life so that argument doesn't hold. Its about fairness for all i sort of agree Public sector pensions should be capped at a sensible level. I have s modest public sector pension but it is no where near in the league of say a doctor on 50k+ Stop moaning ....im due £5000 next January ...thats about £200 a year for the next 25 ....bloody rubbish . Imay ave to sell my body
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Pensions
Apr 23, 2016 0:33:30 GMT
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Post by salopstick on Apr 23, 2016 0:33:30 GMT
i sort of agree Public sector pensions should be capped at a sensible level. I have s modest public sector pension but it is no where near in the league of say a doctor on 50k+ Stop moaning ....im due £5000 next January ...thats about £200 a year for the next 25 ....bloody rubbish . Imay ave to sell my body There will be no takers. You would be better off selling ilda But there again
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Post by Deleted on Apr 23, 2016 0:34:08 GMT
i sort of agree Public sector pensions should be capped at a sensible level. I have s modest public sector pension but it is no where near in the league of say a doctor on 50k+ Stop moaning ....im due £5000 next January ...thats about £200 a year for the next 25 ....bloody rubbish . Imay ave to sell my body Who would buy it .?
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Post by mumf on Apr 23, 2016 0:36:06 GMT
Stop moaning ....im due £5000 next January ...thats about £200 a year for the next 25 ....bloody rubbish . Imay ave to sell my body Who would buy it .? Trust me ....theres a few queer sods on here ...
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Post by Deleted on Apr 23, 2016 0:39:49 GMT
Who would buy it .? Trust me ....theres a few queer sods on here ... Let's not go down that path .....I was merely curious
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Post by Deleted on Apr 23, 2016 0:41:10 GMT
Who would buy it .? Trust me ....theres a few queer sods on here ... But I do trust you
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Post by mumf on Apr 23, 2016 0:42:30 GMT
Trust me ....theres a few queer sods on here ... But I do trust you I still dont fancy you ....
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Post by Deleted on Apr 23, 2016 0:48:09 GMT
But I do trust you I still dont fancy you .... I'm always thankful for small mercies ...
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Post by mumf on Apr 23, 2016 0:57:26 GMT
I still dont fancy you .... I'm always thankful for small mercies ... Funnily enough ....Ilda said the same ...ooooerrr.
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