Comments on: Fair Pensions for All – Part Two http://www.cheriesplace.me.uk/blog/index.php/2011/11/27/fair-pensions-for-all-part-two/ Random thoughts and photos of my journey through life… Mon, 13 Apr 2026 01:04:34 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: CherryPie http://www.cheriesplace.me.uk/blog/index.php/2011/11/27/fair-pensions-for-all-part-two/comment-page-1/#comment-15395 CherryPie Mon, 28 Nov 2011 00:26:21 +0000 http://www.cheriesplace.me.uk/blog/?p=7087#comment-15395 Very interesting, thank you :-) Our government have recently imposed a change to the inflation measure for pensions from retail price index (RPI) to consumer price index (CPI). CPI does not include costs such as housing, mortgage and council tax costs. The net result is a much reduced pension. They have also changed the terms and conditions of their employees contracts without consultation on pension payouts and retirement age. No matter which way they spin it, that is a breach of contract…. Very interesting, thank you :-)

Our government have recently imposed a change to the inflation measure for pensions from retail price index (RPI) to consumer price index (CPI). CPI does not include costs such as housing, mortgage and council tax costs. The net result is a much reduced pension.

They have also changed the terms and conditions of their employees contracts without consultation on pension payouts and retirement age. No matter which way they spin it, that is a breach of contract….

]]> By: peppylady (Dora) http://www.cheriesplace.me.uk/blog/index.php/2011/11/27/fair-pensions-for-all-part-two/comment-page-1/#comment-15391 peppylady (Dora) Sun, 27 Nov 2011 18:25:51 +0000 http://www.cheriesplace.me.uk/blog/?p=7087#comment-15391 Off and on there been talk of being more “fair” in our safety net programs over here. But it seems they move so slow. I believe our social security (government retirement) was sat up in the 1930's during President Franklin Roosevelt. Lot of things hasn't change and is still the same and needs to be up dated. If I have my facts correct the first $50 (32 pounds)(37 euros) you earn on a job you don't pay into social security fund and anything over $80,000 (51,820 pounds)60, 436 euros) you don't have to pay anymore in. This is base from year to year. Not a life time. So my question does your extreme wealthy have to pay in or not? Editor note...The number facts might of change and I'm not a ware of it. You briefly mention about inflation. Well President Ronald Reagan during the 1980's change how inflation is measured. Fuel and food doesn't count. So for ages people didn't see an increase in there government retirement. I'm not sure what our floor or ceiling in retirement pay out. I know some people get in the $200 (129 pounds)(151 Euros) range and some get in the upper $2000 (1,295pounds)(1,510 euro) range. But we have programs in place to help those who are on super low pensions. Such as our food stamps programs the government send you a card that is to purchase food with. Also they have different type of housing for the low income retiree. Once you hit 65 years old and at this time your retirement of social security is slightly under $700 (453 pounds)(528 Euros) a month the government will make the difference up to just under $700 (647pounds)(528 euros) a month. But lot of these programs you need to be in total despair. But most people I know gets under $1,000 (647 pounds) (755 euros) a month There doing an age change our social security on our as well. I don't know anyone who belongs to union of any type. My dad worked for railroad and belong to the teamster union here. I know when he retired he receive a check from social security and from the rail road retirement fund. But in area I live in “unions” are a dirty word. In present time instead of union involved pension. They have 4 o 1 k which depends on market. But one thing they recently done to our newly works to jump start the economy. Remember in my last posting “ I believe they take out 8% of your wages and then the employer matches and this goes into our social security fund.” But now instead of taking out 8% there only taking out 4%. This is coming up for a vote to keep it going on not. Sure it give one a little more in there pocket now but when the 20 to 30 something is going to hurt the most when they reach retirement age. I have two sons in this age group. Off and on there been talk of being more “fair” in our safety net programs over here. But it seems they move so slow.
I believe our social security (government retirement) was sat up in the 1930’s during President Franklin Roosevelt. Lot of things hasn’t change and is still the same and needs to be up dated.
If I have my facts correct the first $50 (32 pounds)(37 euros) you earn on a job you don’t pay into social security fund and anything over $80,000 (51,820 pounds)60, 436 euros) you don’t have to pay anymore in. This is base from year to year. Not a life time.
So my question does your extreme wealthy have to pay in or not?
Editor note…The number facts might of change and I’m not a ware of it.

You briefly mention about inflation. Well President Ronald Reagan during the 1980’s change how inflation is measured. Fuel and food doesn’t count. So for ages people didn’t see an increase in there government retirement.

I’m not sure what our floor or ceiling in retirement pay out. I know some people get in the $200 (129 pounds)(151 Euros) range and some get in the upper $2000 (1,295pounds)(1,510 euro) range.
But we have programs in place to help those who are on super low pensions. Such as our food stamps programs the government send you a card that is to purchase food with.
Also they have different type of housing for the low income retiree.
Once you hit 65 years old and at this time your retirement of social security is slightly under $700 (453 pounds)(528 Euros) a month the government will make the difference up to just under $700 (647pounds)(528 euros) a month.
But lot of these programs you need to be in total despair.
But most people I know gets under $1,000 (647 pounds) (755 euros) a month

There doing an age change our social security on our as well.

I don’t know anyone who belongs to union of any type. My dad worked for railroad and belong to the teamster union here. I know when he retired he receive a check from social security and from the rail road retirement fund.
But in area I live in “unions” are a dirty word.
In present time instead of union involved pension. They have 4 o 1 k which depends on market.

But one thing they recently done to our newly works to jump start the economy. Remember in my last posting “ I believe they take out 8% of your wages and then the employer matches and this goes into our social security fund.” But now instead of taking out 8% there only taking out 4%. This is coming up for a vote to keep it going on not.
Sure it give one a little more in there pocket now but when the 20 to 30 something is going to hurt the most when they reach retirement age. I have two sons in this age group.

]]> By: CherryPie http://www.cheriesplace.me.uk/blog/index.php/2011/11/27/fair-pensions-for-all-part-two/comment-page-1/#comment-15390 CherryPie Sun, 27 Nov 2011 17:07:23 +0000 http://www.cheriesplace.me.uk/blog/?p=7087#comment-15390 They are supposed to be serving their constituency but I think a lot of them see it as a career and have forgotten how they got there and why they are there. In addition to claiming their pension it seems they can also step immediately into other jobs as consultants. For example: http://cheriesplace.wordpress.com/2008/09/09/jobs-for-the-boys/ And just to finish off with - information on MPs pay and pensions from the parliament website: http://www.parliament.uk/documents/commons-information-office/M05.pdf They are supposed to be serving their constituency but I think a lot of them see it as a career and have forgotten how they got there and why they are there.

In addition to claiming their pension it seems they can also step immediately into other jobs as consultants. For example:

http://cheriesplace.wordpress.com/2008/09/09/jobs-for-the-boys/

And just to finish off with – information on MPs pay and pensions from the parliament website:

http://www.parliament.uk/documents/commons-information-office/M05.pdf

]]> By: JD http://www.cheriesplace.me.uk/blog/index.php/2011/11/27/fair-pensions-for-all-part-two/comment-page-1/#comment-15388 JD Sun, 27 Nov 2011 14:30:56 +0000 http://www.cheriesplace.me.uk/blog/?p=7087#comment-15388 ...saw Francis Maude on the TV at lunchtime and I thought.... I wonder if his pension is secure? Come to think of it, why is he entitled to a pension after serving as a Member of Parliament? Serving being the important word here - why is he in Parliament? Is he there to represent his constituents or is he there as a 'career'? …saw Francis Maude on the TV at lunchtime and I thought….
I wonder if his pension is secure?
Come to think of it, why is he entitled to a pension after serving as a Member of Parliament?
Serving being the important word here – why is he in Parliament?
Is he there to represent his constituents or is he there as a ‘career’?

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