Search results

They're be draining the system for a while

Think the young are really getting screwed. They need to get out there and start voting, perhaps then the government would stop pandering to the Daily Mail reading pensions

http://www.ukpublicspending.co.uk/uk_total_spending_pie_chart 2017, 11% education, 20% pensions. And go back 10 years and it was 13% on education, 17% on pensions.

It was a start, pensions are still double the education budget and costs are still rising. Its not just the public sector, we have the triple lock too (a grey vote bribe)

Whoever dreamt up final salary pensions wasn't good at maths, no one in the private sector offers them for new starters. Reform won't be popular but its long overdue http://www.telegraph.co.uk/news/2016/04/17/every-briton-faces-53k-debt-for-public-secret-pensions-and-other/

Well spotted, hardly anyone in the public sector is aware of the cost of these defined contributions schemes.

Can see at some point, early termination being offered for a enhanced pension in return

Well they are both funded on a hand to mouth basis. A public sector pension is worth the equivalent of around 25% premium on top of salary, sooner the government gets rids of defined benefit schemes the better.

Can see this happening http://www.bbc.co.uk/news/business-39352654 I'd like to see proper reform of public sector pensions, urgently needed and completely unaffordable to the public purse