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Originally Posted by Sara
HR said it all Neil, so i won't repeat what she's said. But i signed up for the pension 12+ years ago, expecting to retire at 60 but now they're saying i can't retire with a pension until i'm 65. And i certainly don't want to work until i'm 65.
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Well, if you don't want to work until you're 65, then don't. Retire.But at the same time don't expect the taxpayer to cough up for your life of leisure. Everyone else has to retire at 65 - or even 68 - so why should an unproductive & overpaid public sector "worker" be any different? Here are a few home truths:
1) Average incomes among public sector workers are now higher than in the private sector.
2) Unlike in the private sector, public sector pensions are paid directly out of funds received from general taxation. Those pensions are indexed linked, unlike private sector pension funds whose value may fall depending on the income generated from investments.
3) In the last 9 years, the public sector FTA-equivalent payroll has increased by 600,000; public sector productivity, as defined by measurable outputs, has seen a year-on-year decline over the same period.
4) All these additional jobs need paying for; hence the tax burden has increased from 37% to 43%; but not only that, the government is borrowing billions each year to pay for it all.
5) What do we get in return? Not much is the simple answer. Apart from a few good Doctors & Nurses, we're lumped with policeman who can't police, teachers who can't teach, and a whole plethora of whinging, wastrel bureaucrats who are neither use nor ornament. Sack the bloody lot of 'em is the simple answer; we'll all be better off.