Tuesday, Jul 20, 2010
Deceitful government
Asia Times Online: UK joins the dark side
Which isn't a surprise, but good article on the way published government figures have become meaningless. Talks about the switch for UK pensioners from RPI to CPI and suggests 25% overall loss in real income. Makes me worry about steps to introduce an additional (on top of NI) mandatory pension saving scheme. We will then have two schemes, both mandatory, and both with zilcho chance of even matching the amount you put in. Much worse in the US apparently.
Posted by stillthinking @ 06:58 PM (846 views) Add Comment
7 Comments
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1. dill said...
Everything is being switched to CPI Didn't you see this coming?
2. nomad said...
The state pension, as I understand it, has been left linked to RPI.
3. dill said...
Not for much longer.
4. drewster said...
Isn't it something like: state pensions -> RPI, but "gold-plated" public sector pensions -> CPI ?
5. nomad said...
And private pensions currently being paid which is more controversial, after all personal contributions to those have been so much higher.
6. Peter said...
The state is preparing to defualt on pensions. Raising the age is just the first step.
It's just a big ponzi scheme, where the first in get the pay off and the last in get nothing.
They will take as much as they can before it collapses - along with the NHS.
7. Crunchy said...
If we had a healthy society and government we wouldn't need pensions to be eaten up when fat, juicy and ripe for the picking.
Falsed dilemma.
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