the answer is zero. nil, nothing.

All public sector pensions are paid out of current tax income. "National Insurance " is just the name of another tax. Its contributions are just put into the Consolidated Fund along with every other tax paid to the government. That is half the problem. Public sector pensions are unfunded. If you calculated the NPV of future pension values to the public sector then you would discover this country is effectively bankrupt. But the powers that be decided because there had been a couple of scandals in the private sector that all private companies should NPV their pension liabilities. The huge swings that this produced in the value of those companies is what forced most private employers to take that risk off their books and put it onto their employees. And that my friens is why the private sector is now worse off then public servants who enjoy a state guarantee on their pensions.

Posted By: MrMorrers on December 1st 2011 at 08:46:26

Message Thread

I doubt with a many of you this matters, minds made up and fuck the striking twats etc... (General Chat) - Dandy Highburyman, Dec 1, 00:09:23
- I would dearly love to know just how much of each persons tax each year goes into the (General Chat) - megson, Dec 1, 08:35:16
  - the answer is zero. nil, nothing. (General Chat) - MrMorrers, Dec 1, 08:46:26
- Very very good that. Of course the detail will simply be ignored. (n/m) (General Chat) - megson, Dec 1, 08:10:02
- "just" 4 weeks in the summer..... (General Chat) - Cheltenham_Canary, Dec 1, 07:31:53
  - Yes, 4 weeks, compared to 3 months that other University Students (General Chat) - Vivid Data Shark, Dec 1, 13:06:56
  - "negotiation" ??????????????????????????????????????? (General Chat) - Larry Hagman, Dec 1, 09:20:04
    - The (General Chat) - Cheltenham_Canary, Dec 1, 09:24:37
  - Just 4 weeks (General Chat) - Mickdundee, Dec 1, 08:23:01
    - At last some common sense (n/m) (General Chat) - Chalk Hill Bitter, Dec 1, 09:14:36
    - It's your own bloody fault (General Chat) - Ken Dodds Dads Dog, Dec 1, 08:52:16
      - tbf.... (General Chat) - Cheltenham_Canary, Dec 1, 09:25:40
      - Lol (n/m) (General Chat) - Mickdundee, Dec 1, 09:12:23
    - exactly! (General Chat) - Cheltenham_Canary, Dec 1, 08:39:29
      - Just 4 weeks while she was training, 13 years ago FFS (General Chat) - lurd, Dec 1, 08:47:37
        
        everyone.... (General Chat) - Cheltenham_Canary, Dec 1, 08:50:57
        
        That's bollocks. (General Chat) - lurd, Dec 1, 08:53:27
        
        I didnt mention students...... (General Chat) - Cheltenham_Canary, Dec 1, 08:56:00
        
        Well if you read it properly, that's what she was. (General Chat) - lurd, Dec 1, 08:57:30
        
        which is what (General Chat) - Cheltenham_Canary, Dec 1, 09:01:46
        
        He and the other knob appear to be ignoring that point... (General Chat) - Dandy Highburyman, Dec 1, 08:49:53
        
        listen..... (General Chat) - Cheltenham_Canary, Dec 1, 08:53:14
        
        If you stop deliberately misreading what she said I'll listen... (General Chat) - Dandy Highburyman, Dec 1, 08:58:48
        
        lets (General Chat) - Cheltenham_Canary, Dec 1, 09:03:36
        
        Not sure I follow?.. (General Chat) - Dandy Highburyman, Dec 1, 09:08:32
        
        not at all.... (General Chat) - Cheltenham_Canary, Dec 1, 09:29:21
        
        Mainly you Celts (n/m) (General Chat) - Dandy Highburyman, Dec 1, 09:44:10
        
        what? (General Chat) - Cheltenham_Canary, Dec 1, 09:47:23
        
        I'm neither angry nor am I apologising as I've done nowt... (General Chat) - Dandy Highburyman, Dec 1, 09:57:01
        
        Your union should have organised a strike. What? Oh. Good old Maggie. (n/m) (General Chat) - jafski, Dec 1, 08:56:22
        
        they could have...... (General Chat) - Cheltenham_Canary, Dec 1, 09:00:22
        
        I think it is you that doesn't like the debate... (General Chat) - Dandy Highburyman, Dec 1, 09:22:54
        
        huh? (General Chat) - Cheltenham_Canary, Dec 1, 09:31:07
    - Not everybody is worse off.... (General Chat) - Tressells Broadbrush, Dec 1, 08:39:07
      - Another splendid post... (General Chat) - Dandy Highburyman, Dec 1, 08:47:55
        
        Mostly lurk on here .... (General Chat) - Tressells Broadbrush, Dec 1, 09:34:09
        
        Ha ha. Oh dear, sorry to hear that... (General Chat) - Dandy Highburyman, Dec 1, 10:04:45
    - Then don't work for yourself. As you said it is YOUR CHOICE so why should (General Chat) - megson, Dec 1, 08:37:46
      - But as Panda says below there aren't jobs for all, so your argument of (General Chat) - Arganth, Dec 1, 09:39:32
      - The thing is (General Chat) - Mickdundee, Dec 1, 08:47:23
        
        Do you honestly believe there are jobs for all?.. (General Chat) - Dandy Highburyman, Dec 1, 08:56:27
        
        Hang on a minute. (General Chat) - Arganth, Dec 1, 09:37:01
        
        Even if it's you paying for their good fortune?? (n/m) (General Chat) - MrMorrers, Dec 1, 09:01:34
        
        The council recently advertised a low paid communications (General Chat) - duke of york, Dec 1, 08:58:32
      - and its.... (General Chat) - Cheltenham_Canary, Dec 1, 08:43:50
    - Only the unions say there is the money (General Chat) - duke of york, Dec 1, 08:27:53
      - It's not even that clear (General Chat) - Johnny Comecardiff, Dec 1, 08:40:13
      - It's not even that clear (General Chat) - Johnny Comecardiff, Dec 1, 08:37:47
  - I suppose reading the whole article was too much of a challenge (General Chat) - Tressells Broadbrush, Dec 1, 08:20:47
    - I read the whole article........ (General Chat) - Cheltenham_Canary, Dec 1, 08:49:45
      - .. Still baffled (General Chat) - Tressells Broadbrush, Dec 1, 09:14:38
        
        daily mail trick?? (General Chat) - Cheltenham_Canary, Dec 1, 09:53:04
        
        Thought it was very typical DM (General Chat) - Tressells Broadbrush, Dec 1, 13:00:48
  - 20 working days. I get 26 plus bank holidays. (General Chat) - megson, Dec 1, 08:19:48
  - "No strike has ever made a significant difference in this country in 100 years" (General Chat) - Ralf Scrampton, Dec 1, 08:05:00
    - missing the main point..... (General Chat) - Cheltenham_Canary, Dec 1, 08:46:48
- I'd be interested to know how much we all pay per person for the NHS... (General Chat) - Ben, Dec 1, 00:42:47
  - The problem with competition as the solution for all ills (General Chat) - Tressells Broadbrush, Dec 1, 09:09:04
  - there's a 'good' private system here (General Chat) - Worzel Scrimmage, Dec 1, 03:55:35
    - Well said Worz (n/m) (General Chat) - DrDublin, Dec 1, 06:08:48
    - and another example (General Chat) - Worzel Scrimmage, Dec 1, 04:01:54
      - No response i see. Health insurance seems preferable to the young, healthy and rich. (General Chat) - megson, Dec 1, 08:06:07
        
        It just a case of wanting to know if its good value for money (General Chat) - Ben, Dec 1, 12:59:45
- Tough times.... (General Chat) - phrankin, Dec 1, 00:18:11
  - only if you class the bank bailouts in your excessive spending increase (General Chat) - Ralf Scrampton, Dec 1, 08:01:13
    - nope that was part of the bust... Go figure (General Chat) - phrankin, Dec 1, 09:51:00
      - you seem to be confusing cause with effect (n/m) (General Chat) - Ralf Scrampton, Dec 1, 10:24:58
- Just posted on yesterday's page what an excellent read that is. (n/m) (General Chat) - Bravo win or die, Dec 1, 00:11:43
- Good read, that. (n/m) (General Chat) - Only1Doherty, Dec 1, 00:11:05

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