Public Sector Pensions

It is strange that 2 years ago Dave Prentis of Unison called for a review of his Unison staff pension scheme because of the black hole in it.

Unison staff pay 9.1% of salary while Unison pays 25% so they must acknowledge that approximately 35% of salary is necessary to produce a reasonable pension.

Teachers are paying about 6% currently and so the 29% shortfall will be met by taxpayers. There are about 4 times as many private sector workers as public sector so that means that you and 3 of your friends or colleagues will pay for the pension of one public sector worker. As less than 40% of the private sector have pensions and more than 80% of the public sector enjoy pension benefits this also means that of the 4 people paying for the public sector pension 2 of them will not even get a pension of their own.

A teacher was quoted as saying she already paid £100 per month and if this represents 6% then the other 29% would be over £400 so you and your friends and colleagues will each pay via your taxes £100.

If you think this is fair then do nothing, but if you think that enough is enough then spread the word via email so that you galvanise the silent majority into serious thought.