Originally Posted by
EDDIE
I think its terrible that you can pay into a pension scheme for years and all of a sudden they change it so your pension is rubbish.
What the government's proposing isn't making people's pensions "rubbish". The local government pension scheme is a contributory scheme, to which you contribute for 40 years. After 40 years of contributions, you get a pension of half of your final salary.
The 85-year rule allows people to retire early, without financial detriment, if their age plus their service reach at least 85 years.
Firstly, this rule is far more likely to be met by men, because women are more likely to take career breaks, to not have spent a lifetime in local government, or to just not have joined at an early age. This is why the government needs to remove the rule - it breaches sex discrimination rules.
Secondly, why should anyone get a full 40-year pension if they haven't actually paid for it? It's council taxpayers who'll pay for it, and council tax seems to have increased quite enough already, thanks very much.
Thirdly, when people working in the private sector are being told they'll need to work until 68 or 69 to have a pension they can actually live on, why should people in the public sector get to retire at 60? It's just not on, and I speak as someone who works in the public sector.
Laugh and the world laughs with you... cry, and the world looks sheepish and suddenly remembers it had other plans.
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