Thursday, 24 November 2011

Teachers Pensions diamond encrusted

My grand children are affected by teachers going out on strike next week and lisening to the news on tv I cant understand why. A teacher retiring on a salary of £37,000 would be getting a pension of £25,000 according to a govenment spokesman. What I cant understand is why not stop all pensions because if the teachers and public sector think they are so hard done by  get another pension because to me they are better than gold plated they come diamond encrusted.

7 comments:

  1. The problem is that people don't understand why teachers are actually striking. Okay, so it is for the pensions but not necessarily for the final monetary income.

    I am striking (working at a Thanet Secondary) because my already tight budget couldn't cope with an almost doubling of my monthly contributions. This is almost financially equivalent to doubling my petrol each month, would you be happy with that?

    Also, many of my colleagues are striking because they are not happy being told they have to work until they are 68. Some of these are P.E teachers. I do not know if this is even physically possible.

    ReplyDelete
  2. What a lot of the public workers don't realize is that the general populace cannot support their extremely generous pay and conditions any longer. A chief fire officer retiring at 50 on a full pension, is going to be drawing his pension (with luck) for several years longer than he worked. A grossly overpaid Chief exec of TDC will probably have a pension in the region of £70 K, This is no longer sustainable. If senior council officers want to retire early, let them but don't pay them for doing so, so much money is wasted there is very little sympathy for the public sector.

    ReplyDelete
  3. why are public sector pensions so good? Why not stop them. ALL TOGETHER?

    ReplyDelete
  4. Don, as a recepient of a 'Fire Service' pension, my argument would be 'I was offered the deal some forty years ago and I, along with my employer, signed up to it. Its called a contract. (bit like a mortgage, really) I had several chances to leave the scheme and join a 'Private' pension, but I did not do so. So now I can receive the benefits of the scheme I joined.
    This also applies to members, both past and present, of all Public pension schemes. It should not be a problem for new employees to join a different pension scheme, but leave the existing members alone. (Have you tried to tell your mortgage company that you want to change downward the interest on your mortgage)

    ReplyDelete
  5. 13:00 my house is like a kidergarden today looking after kids because of baker days and it will be next week due to strikes. Stop holding us to ransome for your own gain when you already have a very good deal regardless of any changes. If you dont like it walk away and let someone else have your job I doubt many private sector pension deals are as good. As for working longer everyone is living longer it is not rocket science that the present system is unsustainable, whilst you may not like it change is enevitable I doubt strikes will change much if anything. As for the contract part my mortgage has gone up and down as the market determines the same is happening in the pension world. My sympathy to you but the bottom line is tough, either put up or shut up in the rest of the working population we have no guarantees on what our pensions will pay out but Public sector workers see it as a god given rite.

    ReplyDelete
  6. Don, you miss my point, By all means change the pension scheme for new entrants, but honour promises made to attract people. How would you react if the Council came to you in August and said.'We have been overtaken by international events and so are Doubling your council tax for the rest of the year? remember, and I quote, 'Things Change'. As it stands the council honours its tax demand year by year.. so should society honour deals it made with individuals

    ReplyDelete
  7. There is another point here which seems to be missed. 'Most' pensions in the public sector are now sustainable. The Independent Audit Office has shown that teachers are putting more in than what is being taken out. Civil servants and police are the big exception.

    One of the reasons people join the public sector job is because of this perk. Take it away and you will reduce the quality and quantity of teachers and other jobs.

    ReplyDelete

Thank you for commenting on my blog, your comments mean a lot to me and I love to read them. Defamatary comments will be removed