Guest sibon Posted July 1, 2011 Share Posted July 1, 2011 How can something that is unfunded be in surplus? Because more gets paid in than goes out. Link to comment Share on other sites More sharing options...
andikay Posted July 1, 2011 Share Posted July 1, 2011 Because more gets paid in than goes out. But nothing gets paid in. Link to comment Share on other sites More sharing options...
Guest sibon Posted July 1, 2011 Share Posted July 1, 2011 But nothing gets paid in. You will have to explain that to me in simpler terms. Link to comment Share on other sites More sharing options...
andikay Posted July 1, 2011 Share Posted July 1, 2011 You will have to explain that to me in simpler terms. The government supposedly contribute to your pension as do you but in reality all they do is write an IOU for the future. You give some of your wages back to the government for your pension which they deduct from your wages, they don’t actually put the money anywhere because the money doesn’t exist, it’s an IOU for a future generation to pay. Link to comment Share on other sites More sharing options...
Guest sibon Posted July 1, 2011 Share Posted July 1, 2011 The government supposedly contribute to your pension as do you but in reality all they do is write an IOU for the future. You give some of your wages back to the government for your pension which they deduct from your wages, they don’t actually put the money anywhere because the money doesn’t exist, it’s an IOU for a future generation to pay. Money is pretty illusory stuff in general, if you think about it too hard. I work for my salary. I choose to save some of it in my pension. I don't have to do this, I could take it all to the dog track if I chose to. I really don't buy this rather ridiculous argument that public sector workers don't get paid real money, or that they don't earn money. I know plenty of people who make no provision for their old age. How do you suppose that they will be supported when they retire? Link to comment Share on other sites More sharing options...
mj.scuba Posted July 1, 2011 Share Posted July 1, 2011 Money is pretty illusory stuff in general, if you think about it too hard. I work for my salary. I choose to save some of it in my pension. I don't have to do this, I could take it all to the dog track if I chose to. I really don't buy this rather ridiculous argument that public sector workers don't get paid real money, or that they don't earn money. I know plenty of people who make no provision for their old age. How do you suppose that they will be supported when they retire? They'll get everything for free, while those that did work and save are penalised. Link to comment Share on other sites More sharing options...
andikay Posted July 1, 2011 Share Posted July 1, 2011 Money is pretty illusory stuff in general, if you think about it too hard. I work for my salary. I choose to save some of it in my pension. I don't have to do this, I could take it all to the dog track if I chose to. I really don't buy this rather ridiculous argument that public sector workers don't get paid real money, or that they don't earn money. I know plenty of people who make no provision for their old age. How do you suppose that they will be supported when they retire? The money I could put into a pension would be invested, it exists and that investment can go up and down, what I would get depends on those investments. The money you offer to pay into your pension is money that is never given to you and isn’t put anywhere. It’s just an IOU for a future generation to worry about. The crap has hit the fan and the government seem to be struggling to honour the IOU’s that have been written in the past. So I don’t see how a pension can be in surplus when there isn’t actually any money. Link to comment Share on other sites More sharing options...
rickiethecat Posted July 7, 2011 Share Posted July 7, 2011 Looks like another myth about public sector workers has been shattered. For years they've claimed that they deserve gold-plated pensions as their basic pay is much lower than private sector workers, but it turns out public sector workers actually get paid around 8% more than private sector workers. http://www.24dash.com/news/local_government/2011-07-06-Public-sector-pay-gap-widens-ONS And before the left wingers criticise the source, it was also in the Guardian as well so it must be true! http://www.guardian.co.uk/local-government-network/2011/jul/06/public-sector-workers-paid-more Link to comment Share on other sites More sharing options...
Fishcake Posted July 7, 2011 Share Posted July 7, 2011 Looks like another myth about public sector workers has been shattered. For years they've claimed that they deserve gold-plated pensions as their basic pay is much lower than private sector workers, but it turns out public sector workers actually get paid around 8% more than private sector workers. http://www.24dash.com/news/local_government/2011-07-06-Public-sector-pay-gap-widens-ONS And before the left wingers criticise the source, it was also in the Guardian as well so it must be true! http://www.guardian.co.uk/local-government-network/2011/jul/06/public-sector-workers-paid-more of course the pay difference comes from manual and bottom of the admin rung. Why do you keep clattering on about gold plated pensions? Do you parrott everything you read? Try and have an original thought Rickie Link to comment Share on other sites More sharing options...
truman Posted July 7, 2011 Share Posted July 7, 2011 of course the pay difference comes from manual and bottom of the admin rung. Why do you keep clattering on about gold plated pensions? Do you parrott everything you read? Try and have an original thought Rickie Did you read the report? Link to comment Share on other sites More sharing options...
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