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Jon T · 15-10-2010, 08:27

Can't be bothered with the quote feature at the moment, but, how is a phrase like "I'm contributing to public workers pensions" justified. Every product you buy from the private sector is not only contributing that's companies pension fund, but also to shareholders in the form of dividends.

I say again, I contribute 9% of my pay packet each month to my LGPS pension, in line with most employers, a contribution is made my them as well.

If anyone's interested, I earn slightly more that 20k a year, compared to 23-26k I could get in the private sector, As a compulsory step that each LA has got to go through, i'm about to go through something called Single Status, this is a job evaluation process with in every authority it's been implemented in has wiped thousands of some people;'s wages. In relation to pensions, remeber that we're talking final salary here, so an employee is on 20k a year, based on my contributions, that's £1800 a year into the pension, single status then drops my wages to 16k as year, that's £1440 in contributions a year. I stay on that wage with LA employment till retirement, as my pesion isfinal salary, where does the extra money go to that I paid when I was on a higher wage?

........but hang on, i've got my rose tinted glasses on and my taxpayer purchased calculator.

THings are not a one way steet, and I would like to know what people think the soloution is. We've condemned the banks for what they've done. What I can't understand I that I a public worker am doing a job, i'm accepting the advantages/disadvantages that come with that job. Do I have any control over it? No!

Maybe we should have experience days/job swaps between the public sector and private. Or then again maybe not. As people on both sides have made up their made that the opposite side have clearly got it made.

15-10-2010, 08:27	#14
Jon T cf.mega poster Join Date: Jun 2003 Location: Mansfield, Notts Age: 45 Services: Virgin Media Telephone and 100Mb broadband, Sky Q Posts: 1,994	Re: Town hall pensions Can't be bothered with the quote feature at the moment, but, how is a phrase like "I'm contributing to public workers pensions" justified. Every product you buy from the private sector is not only contributing that's companies pension fund, but also to shareholders in the form of dividends. I say again, I contribute 9% of my pay packet each month to my LGPS pension, in line with most employers, a contribution is made my them as well. If anyone's interested, I earn slightly more that 20k a year, compared to 23-26k I could get in the private sector, As a compulsory step that each LA has got to go through, i'm about to go through something called Single Status, this is a job evaluation process with in every authority it's been implemented in has wiped thousands of some people;'s wages. In relation to pensions, remeber that we're talking final salary here, so an employee is on 20k a year, based on my contributions, that's £1800 a year into the pension, single status then drops my wages to 16k as year, that's £1440 in contributions a year. I stay on that wage with LA employment till retirement, as my pesion isfinal salary, where does the extra money go to that I paid when I was on a higher wage? ........but hang on, i've got my rose tinted glasses on and my taxpayer purchased calculator. THings are not a one way steet, and I would like to know what people think the soloution is. We've condemned the banks for what they've done. What I can't understand I that I a public worker am doing a job, i'm accepting the advantages/disadvantages that come with that job. Do I have any control over it? No! Maybe we should have experience days/job swaps between the public sector and private. Or then again maybe not. As people on both sides have made up their made that the opposite side have clearly got it made.