Leekbrookgull
Well-known member
Free Bus Pass what a joke that is.
JUST WAKE - UP someone has to pay for THOSE who never had tuition fees.along with free TV,Bus Pass,No prescription charges and in era of affordable housing and let.s not forget the triple lock PLUS two thirds final pension.
Free Bus Pass what a joke that is.
I am NOT making any comments on the rights and wrongs of the decision, but when the modern universal state pension was introduced (in 1948 I think) it was set at 65 for men. This was despite the fact that the life expectancy of a man was about 60! In other words there was a good chance you'd die before you reached pensionable age. Using the same rough logic if pensions were being introduced now the retirement age would probably be set at around 85!
#justsayin
I am NOT making any comments on the rights and wrongs of the decision, but when the modern universal state pension was introduced (in 1948 I think) it was set at 65 for men. This was despite the fact that the life expectancy of a man was about 60! In other words there was a good chance you'd die before you reached pensionable age. Using the same rough logic if pensions were being introduced now the retirement age would probably be set at around 85!
#justsayin
I am NOT making any comments on the rights and wrongs of the decision, but when the modern universal state pension was introduced (in 1948 I think) it was set at 65 for men. This was despite the fact that the life expectancy of a man was about 60! In other words there was a good chance you'd die before you reached pensionable age. Using the same rough logic if pensions were being introduced now the retirement age would probably be set at around 85!
#justsayin
From a maths perspective you can't argue whatever your morals. My old man has been retired for 18 years on a Final Salary pension scheme. Whilst I am delighted he is still here (and he is the most generous person I know) his pension was based on the maths they were only expecting to pay him for about 2.
The maths were clearly wrong for him and thousands of others with war deaths, medical advances and shit predictions skewing the numbers. Good luck to those taking advantage but the government of any persuasion has a hard time here. An ageing population is going to need looking after. I might go and invest in my own care home....
A harsh truth.
For someone working from 22 to 65, 43 years, provision or funding has to be made somehow for their retirement which might last 25 years up to 90. It's easy to gliby say that governments or the young working should, but in ageing population the sums simply don't add up. The monies needed to fund 25 years of retirement are huge. Like almost every other nation, there are no public funds, only national debt. So the only solutions are to increase the taxes significantly, ensure that people save far more for retirement, raise the state pension age, or a combination of these.
From a maths perspective you can't argue whatever your morals. My old man has been retired for 18 years on a Final Salary pension scheme. Whilst I am delighted he is still here (and he is the most generous person I know) his pension was based on the maths they were only expecting to pay him for about 2.
The maths were clearly wrong for him and thousands of others with war deaths, medical advances and shit predictions skewing the numbers. Good luck to those taking advantage but the government of any persuasion has a hard time here. An ageing population is going to need looking after. I might go and invest in my own care home....
JUST WAKE - UP someone has to pay for THOSE who never had tuition fees.along with free TV,Bus Pass,No prescription charges and in era of affordable housing and let.s not forget the triple lock PLUS two thirds final pension.
250k over a career in a pension pot.... you can retire happily... though not a luxury lifestyle...so start early... prepare... like I did... it's not about wealth.. it's about preparation.... about 6k a year... some from you.. some from the employer...easy if you have a bit of a view of the future.My old neighbour was a financial advisor. Whilst he was considerably richer that me and had more money than sense he showed me the sums why you need 1 million plus pre 60 to retire and how people with a Final Salary pension should thank thier luck stars.
I almost topped myself on the spot.
Of course.. those who Corbyn has lured into his false premise of free everything, are the very people who will need to pay that debt back once they themselves are in their 40s, 50s and even 60s... reap what you sow.JUST WAKE - UP someone has to pay for THOSE who never had tuition fees.along with free TV,Bus Pass,No prescription charges and in era of affordable housing and let.s not forget the triple lock PLUS two thirds final pension.
Barking up the wrong tree..... wrong direction you might say.If the government started spending the money (that is there) correctly there'll be enough to fund everything will need, wake up, we're being robbed by the people in charge of us
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My Dad (hopefully) will have been drawing his final salary scheme for 30 years next month ..and like you my Dad is the most generous person I know ..the trustees of the scheme definitely weren't bargaining on him still being around
If the government started spending the money (that is there) correctly there'll be enough to fund everything will need, wake up, we're being robbed by the people in charge of us
Sent from my SM-A310F using Tapatalk
If the government started spending the money (that is there) correctly there'll be enough to fund everything will need, wake up, we're being robbed by the people in charge of us.