Teacher Pension - Strikes

[Grandad]

Originally Posted by Kitten

"Please support us!"

"Ok!"

*thwack*

"Er, no, on second thoughts, I won't".

sounds fair, maybe take some of your own to return fire

[Briggykins]

Originally Posted by Desmo

You know I'm very placid, but I'd be wanting to chin any ****er that thought it was OK to egg me.

Prescott? Is that you?

[Desmo]

I don't have much time for politicians but on that occasion I was right behind him

[Knipples]

The hysteria around today is already bugging me. One person on itv just referred to it as "the beginning of the apocalypse"

[Briggykins]

Originally Posted by Desmo

I don't have much time for politicians but on that occasion I was right behind him

Absolutely The mullet alone was worth a pummelling.

[Grandad]

The new offer made today is an absolute disgrace, the previous offer was already extremely generous and well ahead of market practice and now due to union pressure they have increased it even more, do they think this money appears out of thin air ?

[Pickers]

Not sure to what you refer grandad. All I know is that some teachers (and presumably other public sector workers) pay more into a pension pot and will get less back. So no, we know money doesn't appear from thin air, but of we put money in the pension pot, it should be there when we retire, not funding people who haven't contributed so much.

[Grandad]

Originally Posted by Pickers

Not sure to what you refer grandad. All I know is that some teachers (and presumably other public sector workers) pay more into a pension pot and will get less back. So no, we know money doesn't appear from thin air, but of we put money in the pension pot, it should be there when we retire, not funding people who haven't contributed so much.

there will still be far more than you have contributed, investments make less these days so something has to change, the options being employer ( taxpayer ) contribtions, employee contributions or benefits, it has happened to almost everyone and the result is the same, higher contributions and lower benefits, the public sector should not be shielded for the facts of life that everyone else has had to put up with

re what they put in being there when they retire that will still be the case, benefits already accrued are unaffected

[Garp]

Point in case: My pension pot this year has decreased by around $300, despite having paid in thousands. The stock market hasn't been all that good this year. It'll recover eventually. A pension is a gamble. You're gambling on the expertise of the investors at your pension company and the market. Sometimes you win, sometimes you lose. Generally you win, but not always.

[Grandad]

Originally Posted by Garp

Point in case: My pension pot this year has decreased by around $300, despite having paid in thousands. The stock market hasn't been all that good this year. It'll recover eventually. A pension is a gamble. You're gambling on the expertise of the investors at your pension company and the market. Sometimes you win, sometimes you lose. Generally you win, but not always.

exactly but the public sector wants to be shielded from this and the rest of us to pick up the cost