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SPUGGIE J · 19-11-2005, 20:49

For some working until they are 67 might be the only option available. As it stands there are so many people who cannot make a living wage as it is and throw in geographical location it makes it a money nightmare. I pay into a private pension scheme which when I was opening was offered the chance to take out the pesion contribution from my NI payments. I refused and am glad i did. Those who went down this road have suffered from the lack of returns on investments and will have a large shortfall to make up in their pensions.

The govenment proposals for a pension savings scheme might help these people but would it help me? The pension pot has been raided that often by sucessive govenments that they should be partly to blame. What would the next step they take be deny all those with private pensions their right to a state pension? As it stands public sector workers can retire before private sector and have a nice pension from it and are against an increase in retirement age. If it is a "cash grab" then like most before it could fail and put us in a worse position than we are now. Is this what we want to happen and then end up worse of than we are? GB is very low down the pension provision list with outher smaller poorer countries high up than us and some with a lower retirement age.

The company I work for has a set mandetory retirement age of 60 for all workers so what will i have to do to suvive after that? There are people who have worked all their days paid their stamp and end up amongst the poorest around. Yes we will end up working untill we drop and have nothing to show for it. Retirement is the reward for putting in the hours paying your taxes and providing for the family. Yet thanks to incompitence at the highest level and not what some believe is the aging population and longer lifespan we are in this mess. Personally I dont like the idea of 67 as the retirement age because thanks to the hours i put in I would have done enough and paid enough by the time I am in my mid fifties.

Then we have those who have never really worked and payed nothing to the state who will have the same as those who have. Its all wrong and will ultimately help this crisis grow.

19-11-2005, 20:49	#7
SPUGGIE J God Member Join Date: Aug 2005 Location: Not sure anymore Posts: 9,009 Blog Entries: 10 Liked: 1 times Rep Power: 515	Re: Work 'til you drop....! For some working until they are 67 might be the only option available. As it stands there are so many people who cannot make a living wage as it is and throw in geographical location it makes it a money nightmare. I pay into a private pension scheme which when I was opening was offered the chance to take out the pesion contribution from my NI payments. I refused and am glad i did. Those who went down this road have suffered from the lack of returns on investments and will have a large shortfall to make up in their pensions. The govenment proposals for a pension savings scheme might help these people but would it help me? The pension pot has been raided that often by sucessive govenments that they should be partly to blame. What would the next step they take be deny all those with private pensions their right to a state pension? As it stands public sector workers can retire before private sector and have a nice pension from it and are against an increase in retirement age. If it is a "cash grab" then like most before it could fail and put us in a worse position than we are now. Is this what we want to happen and then end up worse of than we are? GB is very low down the pension provision list with outher smaller poorer countries high up than us and some with a lower retirement age. The company I work for has a set mandetory retirement age of 60 for all workers so what will i have to do to suvive after that? There are people who have worked all their days paid their stamp and end up amongst the poorest around. Yes we will end up working untill we drop and have nothing to show for it. Retirement is the reward for putting in the hours paying your taxes and providing for the family. Yet thanks to incompitence at the highest level and not what some believe is the aging population and longer lifespan we are in this mess. Personally I dont like the idea of 67 as the retirement age because thanks to the hours i put in I would have done enough and paid enough by the time I am in my mid fifties. Then we have those who have never really worked and payed nothing to the state who will have the same as those who have. Its all wrong and will ultimately help this crisis grow. __________________ All comments above are nothing to do with here and therefore not the resposibility of the Accrington Web site owners admins or mods. THEY ARE MINE!!!!