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Old 05-05-2011, 10:33   #19
Maggy
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Re: West Midlands Police officers invited to work for free

Quote:
Originally Posted by Pierre View Post
Big wow.

I currently pay 10% into my own pension scheme, my employer match's that contribution.

Let's look at it simplistically.

A constables pay after 10years service is around £36,500 not including overtime or other allowances.

if we use that figure.

11% of that = £4015.

x 30 years = £120,450.

If you have 30 years service youn are entitled to 2/3rd your final salary per annum which would be: £24,300 per annum.

Now if the constable joined aged 20, and retired at 50 and lived a healthy happy live to around say 80? not unreasonable.

His total pension payout would be: £730,000.

Minus his massive 11% contribution of £120,450 = tax payer liability of £609,550. approx 5x you contributions.

So don't tell me to jog on.



Not as demanding as some officers no. possibly comparable to some officers.

But them again I live in a world were I can lose my job through redundancy, I have a family and a large mortgage and I don't have the security blanket of not being able to be made redundant.

You don't have that stress do you?



I not moaning, the T&Cs of police are what they are and good luck to them, it's the moaning police I object to.

The outrage of the suggestion that they may give a few hours a week back, whilst they're happily earning 2/3 of their final salary guaranteed. oh the outrage.
I wish someone would force me to retire..but I'd not be ready to go back and work unpaid.Lion taming is tiring work..
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