Tuesday, July 20, 2010
Deceitful government
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 (1363 views)
7 thoughts on “Deceitful government”
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dill says:
Everything is being switched to CPI Didn’t you see this coming?
nomad says:
The state pension, as I understand it, has been left linked to RPI.
dill says:
Not for much longer.
drewster says:
Isn’t it something like: state pensions -> RPI, but “gold-plated” public sector pensions -> CPI ?
nomad says:
And private pensions currently being paid which is more controversial, after all personal contributions to those have been so much higher.
Peter says:
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.
Crunchy says:
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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