Friday, August 12, 2011

Pensions and strikes?

The banks are private industries and therefore regardless of how much private pension they get, they still have to work until they are 66 to get their government pension and that is how it is for all employees in the private sector, we can all retire at 55 with our private pensions but we have to wait until we are 66 to get the government one, the employees in the public sector have the best of the pension world, their pensions are mostly paid for from our taxes with the employees themselves paying in only a very small amount and yet they can retire at 55, ten years before I can, so the question that I would ask is, do you think that a teacher or other public worker deserves to work ten years less than you and can enjoy their retirement ten years before you bearing in mind that your taxes have paid for their retirement fund? if you want to do the same and retire at 55 you would need to pay in at least a third of your income to a private pension fund for many years so that you have enough money to live on without the government pension for ten years, teachers, police and council workers do not have to do that.

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