civil service pensions - I don't really believe it...

[johnfm]

..well, I read on a thread last week about 20% employer contributions.

I thought it was IMPOSSIBLE - given that Gordon raided private pensions etc.

Then I found this - 17.15 to 26.5% !!!!!

Can you fking believe it!

That's it. I'm looking for a civil service post.


http://www.civilservice.gov.uk/pensions/pensions-h...


"New entrants
Your pension is a valuable part of your pay package. As a nuvos member you will pay contributions of 3.5% of your pensionable earnings towards the cost of providing your pension. Your employer will pay between 17.1% and 26.5% depending on your salary.



You will generally be enrolled automatically into nuvos when you start work, but you can choose to join partnership instead. Your employer will arrange to send you a pensions Starter Pack including your PensionChoices: nuvos or partnership booklet. *


Your nuvos pension offers more than just an income for you when you retire; it also provides income for your dependants when you die, and life assurance cover while you are in service. The overview leaflet * provides a brief summary of the benefits offered by the schemes. "


That is an OBSCENE use of taxpayer's money.

[mouseymousey]

I know a couple of civil servants, when I complain about their pensions their response is that the pension is the reason they put up with below par salaries.

[eldar]

johnfm said:

..well, I read on a thread last week about 20% employer contributions.

I thought it was IMPOSSIBLE - given that Gordon raided private pensions etc.

Then I found this - 17.15 to 26.5% !!!!!

Can you fking believe it!

That's it. I'm looking for a civil service post.


http://www.civilservice.gov.uk/pensions/pensions-h...


"New entrants
Your pension is a valuable part of your pay package. As a nuvos member you will pay contributions of 3.5% of your pensionable earnings towards the cost of providing your pension. Your employer will pay between 17.1% and 26.5% depending on your salary.



You will generally be enrolled automatically into nuvos when you start work, but you can choose to join partnership instead. Your employer will arrange to send you a pensions Starter Pack including your PensionChoices: nuvos or partnership booklet. *


Your nuvos pension offers more than just an income for you when you retire; it also provides income for your dependants when you die, and life assurance cover while you are in service. The overview leaflet * provides a brief summary of the benefits offered by the schemes. "


That is an OBSCENE use of taxpayer's money.

Pre 1997 loads of people had pensions like that, not just civil servants. Then Winky got his hands on the money......

Be a civil servant and get the money back

[AndrewW-G]

mouseymousey said:

I know a couple of civil servants, when I complain about their pensions their response is that the pension is the reason they put up with below par salaries.

5 years ago that may have been true, in 2009 government pay is pretty much on a par with private sector

[digger_R]

eldar said:

Pre 1997 loads of people had pensions like that, not just civil servants. Then Winky got his hands on the money......

Be a civil servant and get the money back

or have some self respect?

[Bing o]

AndrewW-G said:

mouseymousey said:

I know a couple of civil servants, when I complain about their pensions their response is that the pension is the reason they put up with below par salaries.

5 years ago that may have been true, in 2009 government pay is pretty much on a par with private sector

Public sector pay rose 3.1% last year whilst the private sector stagnated - these self serving s need to go NOW!

[esselte]

mouseymousey said:

I know a couple of civil servants, when I complain about their pensions their response is that the pension is the reason they put up with below par salaries.

How much of a pay cut have civil servants taken recently...?

[mouseymousey]

esselte said:

mouseymousey said:

I know a couple of civil servants, when I complain about their pensions their response is that the pension is the reason they put up with below par salaries.

How much of a pay cut have civil servants taken recently...?

I'm not sticking up for them, it pisses me off too.

[Deva Link]

eldar said:

Pre 1997 loads of people had pensions like that, not just civil servants. Then Winky got his hands on the money......

Yep - people shouldn't attack public sector employees, instead everyone should have pensions like theirs. Most other european countries do.

[DCS01]

Folk's,

It depends on which department you are in. Maggie split the pay negotiations and labour keep the same deal. Each department has to fight Tresuary for it pay deal. For me its a fixed 1% for the next two years = about £120 per year BEFORE tax.
Never heard anyone in private sector complain about our low pay when the good years were in.

[Zod]

it's worse than you think, John: they don't even have to worry about the value of their pot declining. Their pensions are guaranteed by the rest of us.

It's the biggest scam in this country.

[Martial Arts Man]

DCS01 said:

Never heard anyone in private sector complain about our low pay when the good years were in.

And there, ladies and gentlemen, is the problem.

You guys just don't get it do ya?

[JagLover]

AndrewW-G said:

mouseymousey said:

I know a couple of civil servants, when I complain about their pensions their response is that the pension is the reason they put up with below par salaries.

5 years ago that may have been true, in 2009 government pay is pretty much on a par with private sector

Pay in the Public sector is higher than that of the Private in all regions except the South-East.

We need a Conservative government desperatly.

[Bing o]

DCS01 said:

Folk's,

It depends on which department you are in. Maggie split the pay negotiations and labour keep the same deal. Each department has to fight Tresuary for it pay deal. For me its a fixed 1% for the next two years = about £120 per year BEFORE tax.
Never heard anyone in private sector complain about our low pay when the good years were in.

And what frightfully important roll do you fill then?

(0% payrise despite getting promoted and saving my company several million quid)

[minimoog]

Bing o said:

(0% payrise despite getting promoted and saving my company several million quid)

I thought the standard PH response to this kind of moan was 'go and get a better job or STFU'?

Or does that only apply to public sector moaners?

[Bing o]

minimoog said:

Bing o said:

(0% payrise despite getting promoted and saving my company several million quid)

I thought the standard PH response to this kind of moan was 'go and get a better job or STFU'?

Or does that only apply to public sector moaners?

Have you seen the job market at the moment?

And it wasn't a moan, it was just a comment that public sector pay is out of line/touch with the real empoyment market. The entire company took a pay freeze this year, and we weren't the only ones.

[Zod]

DCS01, clearly not in the Civil Service First Division or you wouldn't be using grocer's apostrophes.

If you don't like the oh-so-harsh terms of your employment, then come and get a job in the private sector. You'll only be giving up your security of employment, guaranteed pension and really-not-bad-at-all salary.

[minimoog]

Bing o said:

Have you seen the job market at the moment?

Yep, and this particular public servant is staring down the barrel of having to enter it soon...

Bing o said:

And it wasn't a moan, it was just a comment that public sector pay is out of line/touch with the real empoyment market. The entire company took a pay freeze this year, and we weren't the only ones.

I've no idea what our pay offer will be this year, but personally I would have no problem with a pay freeze. My wife, who is in the private sector of my field (waste disposal) has worked damned hard and very successfully this last year and she's getting nothing too, so I'm not unaware of what people are having to put up with.

[Deva Link]

minimoog said:

Bing o said:

Have you seen the job market at the moment?

Yep, and this particular public servant is staring down the barrel of having to enter it soon...

The security thing is a misnoma.

My missus is a civil servant and she's worked for 3 departments that have closed their offices. She's done well by being flexible and by being known to be very capable and has always managed to get work in another department, but she's running out of options now. In recent years over 600 Job Centres have closed and so have the majority of local tax offices.

Oldest daughter is a teacher and the school she works at is merging with another. They're surplus approx 70 teachers.

Youngest daughter works in a hospital. Everything is funded in 3year cycles and there's no certainty that her post will be funded once the current round is up. The Trust have said they dropped a clanger employing her on a permanent basis - she should have been on a fixed term contract.

[s3fella]

mouseymousey said:

I know a couple of civil servants, when I complain about their pensions their response is that the pension is the reason they put up with below par salaries.

10-15 years ago this was true. But the salaries in most govt departments now have overtaken pricate companies who have had the pressure of ever increasing shareholder demands in the last 10 years.