Cable Forum - View Single Post - The state benefits system mega-thread.

Taf · 23-06-2015, 18:47

The Government, and Local Government, as desperate to get out of the Pension Game.

Masses of Public Servants made redundant to reduce the future bills. Changes to pensions schemes to move more, and eventually all of us, onto private schemes.

Unfortunately the economic downturn has meant poor performance in Pensions Schemes worldwide, so there will be a big shortfall one day.

So they will try to reduce all other "benefits" so that there will be enough to pay the State, Civil Service and Local Government Service pensions that already exist. But one day those pensions will gobble up all we have to spend.

And then we could end up like Greece.

23-06-2015, 18:47	#1560
Taf cf.mega poster Join Date: Jun 2003 Location: Kairdiff-by-the-sea Age: 69 Services: TVXL BBXL Superhub 2ac (wired) 1Tb Tivo Posts: 10,225	Re: The state benefits system mega-thread. Many merged. The Government, and Local Government, as desperate to get out of the Pension Game. Masses of Public Servants made redundant to reduce the future bills. Changes to pensions schemes to move more, and eventually all of us, onto private schemes. Unfortunately the economic downturn has meant poor performance in Pensions Schemes worldwide, so there will be a big shortfall one day. So they will try to reduce all other "benefits" so that there will be enough to pay the State, Civil Service and Local Government Service pensions that already exist. But one day those pensions will gobble up all we have to spend. And then we could end up like Greece.