I’m attacking unfunded early retirement. Granting of early retirement to teachers is not automatic but averages show it is nearly always accepted. It shouldn’t be till normal age. We cannot afford it. Doctors retiree early they say because they have maxed out pension. You’ve seen the numbers, we cannot afford it. Nurses retire early then come back as contractors, we end up paying twice. It is still a choice to retire. Police and firefighters retire unjustifiably early.Originally Posted by Stagger
MPs are worst at screwing , second only to euro MPs.
Every time any government tries to make them affordable ( they are not at current savings rates) the unions and members kick up a stink preventing change. They don’t have to. It’s a choice to demand £3 so the rest of us payers only get 1
You’ve seen the numbers above stagger. It means most early retirees get more out than they ever pay tax, making them nett parasites.
Not acceptable. It’s unfair the entire public sector or most, don’t pay nett tax because of screwing pensions so well.
The Pension agreements rely on savings ( bond) rates and death ages that no longer exist,
In post covid world in which interest rates of minus 2 !! are postulated to screw pension savers even more, the whole public sector pensions needs scrapping and replacing, with those earned. All must take a hit.
That means as your savings are effectively earning guaranteed 10 percent or more to allow for inflation proofing.
Mine are earning minus 2 to pay for yours.
I am forced into equities which the government have trashed by asking companies to pay for COVID It cannot go on.
The government is stealing from private sector to give to public.
Covid will destroy private sector pensions.
