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Equality (but only when it suits)

Discussion in 'General Discussion' started by No1newts, 3 Oct 2019.

  1. SexyGreyFox

    Man of Honour

    Joined: 29 Mar 2003

    Posts: 51,706

    Location: Stoke on Trent

    It didn't used to be like that, you had to retire when you reached pension age.
    (Obviously depending what work you were in)
     
  2. b0rn2sk8

    Soldato

    Joined: 9 Mar 2003

    Posts: 7,468

    I know

    It was phased out in 2011
     
  3. dowie

    Capo Crimine

    Joined: 29 Jan 2008

    Posts: 51,301

    3 years it seems. But yeah that is a bit of a steeper increase relative to the earlier ones and might have been phased in better... regardless it isn't exactly unfair, the changes affect both men and women. It is more that some women born earlier still have quite a sweet deal relative to both men in general and women born a bit later.
     
  4. Eurofighter

    Wise Guy

    Joined: 20 Mar 2014

    Posts: 1,949

    Dont people think retirement should be younger for both sexes though. What if you have a physical job. Most of them will end up on the sick before retirement.
     
  5. Dolph

    Man of Honour

    Joined: 17 Oct 2002

    Posts: 49,168

    Location: Plymouth

    The state pension doesn't in any way determine when you can retire, it determines when you can claim your state pension.
     
  6. Abraxaz1

    Wise Guy

    Joined: 7 Jun 2009

    Posts: 2,385

    Location: Carmarthenshire

    Hence why you get a private pension, the state pension is a safety net not a crutch, it's there to assist those that either dont have a pension or have a very small amount. It's not designed to be the be all and end all that everyone thinks it is.
     
  7. Eurofighter

    Wise Guy

    Joined: 20 Mar 2014

    Posts: 1,949

    Last edited: 7 Oct 2019
  8. Angilion

    Man of Honour

    Joined: 5 Dec 2003

    Posts: 18,668

    Location: Just to the left of my PC

    A few years ago I received the projection for my private pension that caused me to opt out. My employer had massively downgraded the pension scheme for years before closing it and replacing it with an even worse one. When it got the the stage where paying the maximum I could afford for 38 years and 11 months would buy me a pension that would barely feed a dog (and no, that is not hyperbole - £21 a week would probably barely feed a dog in 2034), I opted out.

    For many people, the state pension is the be all and end all. Company pension schemes are nothing like what they used to be. When I started paying in, I was due to retire with 38.9/60ths of my final salary and the AVCs I paid would have brought it up further. Now I would have to pay a much larger percentage of my wages for the same length of time to buy a pension that might keep a dog well enough fed. Maybe.
     
  9. theone8181

    Soldato

    Joined: 27 Mar 2013

    Posts: 5,068

    How can they have removed you from a final salary scheme, i thought once in you could only opt out not be kicked out so to speak?
     
  10. Angilion

    Man of Honour

    Joined: 5 Dec 2003

    Posts: 18,668

    Location: Just to the left of my PC

    They closed the final salary scheme. It no longer exists. No need to kick anyone out of a pension scheme that doesn't exist.
     
  11. theone8181

    Soldato

    Joined: 27 Mar 2013

    Posts: 5,068

    Strange, when i used to be at bae it was final salary, but its not anymore however i'm still on it as i've got money in it. Thats why i was confused.
     
  12. Nasher

    Capodecina

    Joined: 22 Nov 2006

    Posts: 19,581

    Its not gone for everyone.

    Also MPs have set themselves up nicely :\
     
  13. nitram100

    Mobster

    Joined: 7 Aug 2009

    Posts: 4,597

    Location: London

    This. I'm a RGN and the heavy patients always get allocated to me, sick of it.
     
  14. SexyGreyFox

    Man of Honour

    Joined: 29 Mar 2003

    Posts: 51,706

    Location: Stoke on Trent

    Well working in Public Liability in a Trust and seeing lots of cases, make sure there are at least two of you (or more) with a heavy patient if you've signed your Manual Handling Training.
     
  15. Angilion

    Man of Honour

    Joined: 5 Dec 2003

    Posts: 18,668

    Location: Just to the left of my PC

    I'm not a pensions expert, but I think there are 4 possible statuses for a pension scheme:

    1) Open to new members.
    2) Closed to new members but open to existing members.
    3) Closed but continuing to function with the money already paid into it.
    4) No longer existing.

    The pension scheme I was in no longer exists. Nobody is in it, there is no money in it, it doesn't exist at all. The money that was in it was transferred to...something. I don't know what. Probably the useless new pension scheme, but it could have been pocketed by the shareholders for all I know.
     
  16. Sindri

    Hitman

    Joined: 7 Jul 2009

    Posts: 597

    What industry were you in? Railway?
     
  17. SexyGreyFox

    Man of Honour

    Joined: 29 Mar 2003

    Posts: 51,706

    Location: Stoke on Trent

    Surely you can look into it or was this before the Government stepped in and started protecting pensions?