What has caused this vomit inducing diatribe is the Government's attempts
to make public sector pensions fairer and more affordable. Lord
Hutton, the former Labour minister, produced the groundbreaking report on pension reform, published in the
spring. This formed the basis for the Coalition's plan to raise the general
retirement age in the public sector from 60 to 66, move from a final salary
scheme to one based on career-average earnings and to increase contributions
by an average 3.2 per cent. Hutton explains in the Sunday Telegraph,
there is no alternative to this: given the additional years that people
now live, public sector pensions cannot be sustained at their present
level of generosity. The Coalition's proposals, which derive directly
from Lord Hutton's report, involve workers in the public sector retiring
at 66 rather than 60 – in other words, at the state pension age – and
paying an average of around 3 per cent more towards the cost of their
pensions. To ensure the change is fair, those on lower salaries will not
have to increase their pension contributions. It is the contributions
of those on the highest earnings that will increase the most; they will
also lose the most when the pension moves from being based on final
salary to a career average. That, as Lord Hutton also points out, is
fair: At present, the lowest-paid workers are subsidising the pensions
of the highest-paid.
you may think that the union leaders would appreciate the justice of the
proposals. Not a bit of it. Union bosses are determined to do battle
with the Government, and pensions have fuck all to do with it and are merely a pretext. In fact, Penis and his colleagues have stated explicitly that the real point is
to oppose the Coalition's attempts to deal with the deficit by reducing
state spending, which will impinge on their sordid little empires by reducing their client base. Since when was it a union's job to oppose the Government? That's the function of the opposition. The function of the greedy pigs of union leaders consists of getting as much of our money as possible into their pockets and fuck everybody else including their own members. Will said members follow them into the trenches? Follow is a bit misleading as the actual order is, 'Follow me lads, I'm right behind you!' We
believe that the majority will have the good sense not to. Four unions
have voted to go on strike on June 30, three of them representing
teachers. Are we not all getting pissed off with the, so- called teachers, forever whining and threatening? We'd think more of them if they were turning out a half-decent end product. Even though the majorities in favour of action look ominous,
most members did not vote for it: indeed they did not vote at all. Each ballot
involved a plebiscite in which fewer than half of the eligible members
took part. Hardly a ringing endorsement of strike action. But
strike they will.
This boosts the case for a change in the law, put forward recently by the Mayor
of London among others, that would require a minimum turnout of 50 per
cent of members before a strike ballot is valid. Ministers last week
said that they see "no need" to change the law. We do and we should tell these 'Ministers' our feelings on the matter. We
think that if union leaders call a
strike, a majority of their members should have at least participated in the
vote. Contrary to what the Jurassic union leaders tell us, we, the public do not support them. 70 per cent of private sector workers have no pension, other than the state
minimum, and do not see why they should pay ever more tax in order to
fund generous pensions for public sector workers – who are, on average,
paid substantially more. Mr Penis may say that the wave of industrial
action "won't be the miners' strike". But if the blinkered obstinacy of
the union leaders continues, the similarities with that debacle will be
only too obvious.
The Public Sector Pensions Commission has accused successive governments of hiding the true cost of public sector pensions and raised fresh concerns about the state's £1 trillion of retirement promises.
In a comprehensive report it calls for urgent reform of the civil servants'
gold-plated benefits. According to its analysis, public sector employees
must save more than 40pc of their salary each year to fund their benefits
but the amount actually being set aside is just 20pc – of which employees
are providing only 6pc.
The shortfall has left taxpayers with a growing bill to plug the gap. In 2008,
the top-up was £2.29bn. By 2011, it is expected to be £4.6bn. Including
employer contributions made by Government departments, the cost to taxpayers
in 2011 is forecast to be £18bn– or £700 per household. In a further bombshell the
Commission claimed that if properly measured, the current service cost is
actually over £35bn a year.
The Institute of Economic Affairs which
produced the document, said: "This report underlines the urgent need
for the Government to take action. Successive governments have avoided this
issue for far too long."
The coalition Government has moved pension reform to the top of the agenda, and
appointed the former Labour minister John Hutton to chair the commission on
the matter.
The Institute of Actuaries, said: "The Government has hidden behind costings which pretend that the unfunded schemes earn a return well above [market rates] ... Like an unstable Ponzi scheme, it will only work if tomorrow's generations are able to stomach a higher cost to pay for the unfunded promises made today."
The size of public sector pension liabilities has been estimated at £770bn by the Treasury but actuaries Towers Watson put the true figure at £1.18 trillion.
And this prick Prentis Penis, ignoring all the evidence, says government cuts were hitting public services hardest. If the cunt lived in the real world instead of the rarefied atmosphere afforded by his £130,00 pa pay packet, he would know that workers in the private sector have been tightening their belts for some time.
As for the striking teachers, they will face significant public anger, especially after an Ofsted report said almost half of all schools in England are failing to provide children with a good education. Some forty-five percent of schools inspected by Ofsted in the last eight months were ranked no better than "satisfactory", it was disclosed. More than one in twenty primary or secondary schools were declared "inadequate" - the watchdog's lowest possible rating. Heads up on the picket lines and the marches teachers, there's something to be proud of !!
As for the striking teachers, they will face significant public anger, especially after an Ofsted report said almost half of all schools in England are failing to provide children with a good education. Some forty-five percent of schools inspected by Ofsted in the last eight months were ranked no better than "satisfactory", it was disclosed. More than one in twenty primary or secondary schools were declared "inadequate" - the watchdog's lowest possible rating. Heads up on the picket lines and the marches teachers, there's something to be proud of !!
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