Pension Contributions

Stop paying inflated pension contributions reduce them to 5% rather than an employers contribution of 18% or more. 

Stop allowing employees to collect their pension after 20 years of service.

Stop paying enhanced payments to individuals who retire early. Examples can be provided if necessary.

Gold plated pensions are outdated and cost the public purse disproportionately more than is relevant in today's society. 

Why the contribution is important

Important ??? Absolutely £100s of thousands every year go to enhanced payments. Time to renegotiate in the publics interest.

by RaymondKerr on November 12, 2015 at 07:50PM

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Comments

  • Posted by Borderer November 12, 2015 at 20:00

    Would love to see an example of the gold plated pension a cleaner or home care worker gets.
  • Posted by Alisontaylor November 29, 2015 at 08:50

    People working in the public sector get paid lower wages and salaries than their counterparts in the private sector. They need and deserve good pensions. The pension payments come from the pension fund so surely it is only the contributions that the employer pays into the fund that affect cost. Leave pensions as they are.
  • Posted by Bramble December 05, 2015 at 17:35

    Packages do need to be looked at in the public sector. It's the highest bill for any organisation. Whilst the proposals seem outspoken, there is a lot of truth underlying them. Public sector employees seem to assume all their terms and conditions should be guaranteed. It doesn't happen in the real world.
    But I can't see SBC taking this seriously anyway as they do not understand business cases or value for money
  • Posted by Borderer December 07, 2015 at 18:52

    When a pension scheme is in credit, it creates a wealth which benefits the authority and more than negates the costs of administering the funds. Bearing in mind that a pension is a deferred payment of wages, any reductions to the pension would have to be reflected in pay awards, which would cost local authorities more in the long term with no return on the costs.
    Given the fact that the pay awards have been 1% for a number of years the pension is one of the few inducements to bring people into the public sector! especially in the low grade jobs which provide the front line services people take for granted.
  • Posted by mep123 February 01, 2016 at 14:05

    Pensions are a huge cost, which is going up all the time with increased life expectancy. The scale of public sector pensions is completely unaffordable to those who are unable to levy taxes or print money.
    However the scale of benefits cannot be changed by SBC alone.
    Except, as the contributor pointed out, for enhanced payments to individuals who retire early. It's frankly outrageous that council tax payers of limited means and limited or no employment pensions of their own should have to fund gold-plated early retirement packages for senior officials, some at east of whom are being encouraged to go through lack of effectiveness.
    I seem to remember complaining about this 20 years ago and despite assurances then, little has changed.
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