I agree (unfortunately) - for someone like me on 24k - after 11 years service my pension reckoned to be £1900pa - whoop-di-doo - I can't wait ;(
I've already had 2 private pensions go breasts up - one company crash and the other a combination of "pension holidays" for the firms contributions in the 90s and then the dot com crash - I've taken a job with an lga pension on less than half of what I earned in the private sector, just so that I might have something to live off when I'm 65+ - and whats the story now - looks like I'll be outsourced - so its bye bye to yet another pension - none of this was under my control - I was a good boy and put aside a decent amount of my pay every month only to be crapped on - I don't understand why people reckon government pensions should be done away with - they should make it compulsory that all pensions are as good as the govt ones - not the other way round.
If theres another compulsory Govt pension scheme - (blimey - wasn't that National Insurance???) - the money should be completely ringfenced and not allowed to be used on other stuff.
Anyone else read about Norway's scheme - they took all of the income from their North Sea oil and invested it - every penny - and all of it overseas so it wasn't all back handers. What did we do with our oil money? peeed it away in the 80s and 90s - fab!
-- *********************************************************************** I feel like a lost sock in the laundromat of oblivion ***********************************************************************
