Quote:
Originally Posted by Paul
Everyone was not transferred to other plans, I was in two, and still am.
Complete nonsense.
I paid into both my F/S schemes, and also pay into the scheme at my current employer.
The only one I dont (directly) pay into is the govt pension (when I finally get it).
That said, my national insurance for the last 42 years is supposedly (partly) paying for it.
I have removed a bunch of posts once again attacking so called "baby boomers".
Further attacks will see the member in question removed from topics for long periods.
(and no, I wont be retiring at 60 either).
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I was referring to the state pension not final salary schemes and certainly my intention isn’t to attack “boomers” it’s to criticise flawed Government policy (and yes, it’s nearly 70 years worth so both colours) that ran the pension like a pyramid scheme.
It worked well with population growth ensuring it’s a small part of the pot. It’s now an increasing part of the pot with the amount of people withdrawing instead of paying in are a greater proportion.
Similarly the idea (across western democracies) that economic growth is inevitable as a long term trend. Not without more consumers it isn’t.