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Old 11-05-2012, 11:31   #168
danielf
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Re: Pensions - no wonder there are strikes

Quote:
Originally Posted by Pierre View Post
Of course it matters.

The police, and most other public bodies, don't generate profits they are 100% paid for by the taxpayer.

When you pay your Council Tax, and please check..... I'm pretty sure there isn't a line item on your bill that says Virgin Media, therefore you are not funding my employers contributions to my pension.

If you subscribe to Virgin Media services, then you are....cheers. But you have a choice and your continued contribution is not guaranteed.



Not at all, that is a potential liability to the taxpayer..............that's a fact.

I agree it may be less if the police have invested well, however the way the stockmarket has performed over the past 4 years I doubt they have done that well.
Completely disingenuous. The fact of the matter is that you made a calculation showing that the hypothetical policeman has a shortfall of a factor 5 whilst disregarding the employer's contributions, when private sector workers receive employer's contributions as well. So, your number is wrong (actually it is (I suspect willfully) misleading), and it can't be compared with private sector numbers.

The point about choice is moot as well. With every product or service I buy I contribute to wages, bonuses, pensions and other benefits of employees for the companies involved.

At the end of the day, the only meaningful comparison is between pay packages as a whole, not just the selective bits that you think you can quote because they support your argument.
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