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[Lincs Robert]

I have no problem with paying doctors, nurses and the rest of the public sector well if they do a good job, but the reality is the number of them exploded under new labour, and to pay them well now, we would need to reduce the numbers back to somewhere near where they were 20 years ago first.

Given that we have around 12.5m retirees now 2016), courtesy of the "retire @55"* baby boomer generation, compared to 8.3m in 2001, and those older people require the greatest level of health and social care. Talk me through how you imagine that would work 



*im well aware that many do not retire at 55, but the baby boomers will, on average enjoy a far longer retirement than any generation before or after them

Good point, Jimmy.

The implementation of TB's cull for everyone over 65 may be the solution. Just think of the money that could be saved in pensions and healthcare.

Nah....just kidding. .....or am I.

So, does that mean that in 5 years time you are going to come & terminate me? 

[Field Marshal Dr. Opti]

I have no problem with paying doctors, nurses and the rest of the public sector well if they do a good job, but the reality is the number of them exploded under new labour, and to pay them well now, we would need to reduce the numbers back to somewhere near where they were 20 years ago first.

Given that we have around 12.5m retirees now 2016), courtesy of the "retire @55"* baby boomer generation, compared to 8.3m in 2001, and those older people require the greatest level of health and social care. Talk me through how you imagine that would work 



*im well aware that many do not retire at 55, but the baby boomers will, on average enjoy a far longer retirement than any generation before or after them

Good point, Jimmy.

The implementation of TB's cull for everyone over 65 may be the solution. Just think of the money that could be saved in pensions and healthcare.

Nah....just kidding. .....or am I.

So, does that mean that in 5 years time you are going to come & terminate me?

There will be an exemption for people living in Lincolnshire, Robert.

[Migv6 le Frog Fan]

I have no problem with paying doctors, nurses and the rest of the public sector well if they do a good job, but the reality is the number of them exploded under new labour, and to pay them well now, we would need to reduce the numbers back to somewhere near where they were 20 years ago first.

Given that we have around 12.5m retirees now 2016), courtesy of the "retire @55"* baby boomer generation, compared to 8.3m in 2001, and those older people require the greatest level of health and social care. Talk me through how you imagine that would work 



*im well aware that many do not retire at 55, but the baby boomers will, on average enjoy a far longer retirement than any generation before or after them

Quite simple really. People are living longer healthier lives, so should work longer than they used to unless they have plenty of funds to live financially independent lives.
I'm 58 and have no plans to retire, ever, as long as my health holds out. I cant afford to and don't particularily want to. 

[aaronjb]

I'm 58 and have no plans to retire, ever, as long as my health holds out. I cant afford to and don't particularily want to. 

I'm 39 and would retire tomorrow if I could!

[Varche]

I have no problem with paying doctors, nurses and the rest of the public sector well if they do a good job, but the reality is the number of them exploded under new labour, and to pay them well now, we would need to reduce the numbers back to somewhere near where they were 20 years ago first.

Given that we have around 12.5m retirees now 2016), courtesy of the "retire @55"* baby boomer generation, compared to 8.3m in 2001, and those older people require the greatest level of health and social care. Talk me through how you imagine that would work 



*im well aware that many do not retire at 55, but the baby boomers will, on average enjoy a far longer retirement than any generation before or after them

Quite simple really. People are living longer healthier lives, so should work longer than they used to unless they have plenty of funds to live financially independent lives.
I'm 58 and have no plans to retire, ever, as long as my health holds out. I cant afford to and don't particularily want to. 

Therein lies the rub as Bill used to say. Not everyone aged 65 could work longer. Not just the physical side of it but the getting to and from and not being able to have a power nap in the afternoon. Think about the folk that do physical work. What are they going to be able to retrain to do?  Program robots, Build websites, social work? The whole work cycle is wrong with folk working harder and longer as they reach retirement. The only salvation is there is a growing swell for people to be paid a living wage not to work as robots do us out of jobs. ( Bit of deja vu there. I remember being told in the seventies to expect to only work a 3 or 4 day week as computers did away with our jobs  . Little did we realise they were going to increase our work!) 

[Viral_Jim]

I'm 58 and have no plans to retire, ever, as long as my health holds out. I cant afford to and don't particularily want to. 

I'm 39 and would retire tomorrow if I could!

Agreed. (33 in my case)

[LC0112G]

.............and as I have paid into two other pensions in addition to my State one, I have more than contributed to my old age future, with full taxes paid.  I also still work in "a capacity" for the police.  I have no conscience about living into old age and the state helping me when required.

I'm afraid the idea that anyone paid into the State Pension pot is a lie peddled by the politicians. And if any of your other pensions are public service final salary pensions (Armed Forces, NHS, Firemen etc but not Local Govt) then that's also a lie. There is no pot, never was never will be.

There is no State Pension fund/pot to pay into. There is also no public service pot (except LGPS). Todays tax payers have to pay for both types of these pensions to be paid to baby boomers. Basically the boomers wrote the rules to say that someone in the future (todays young) would pick up the bill for the pension promises that they made to themselves 30+ years ago.

All the Tax/NI you paid in the past (say 1980) was used to pay for the govt spending in 1980. There was nothing left over (infact there was usually a defecit) to fund the promises that the baby boomers made to themselves. And people wonder why today's young are a bit miffed when they have to pay for their own University fees, no similar pension, and no prospect of getting on the housing ladder.   

[Lizzie Zoom]

.............and as I have paid into two other pensions in addition to my State one, I have more than contributed to my old age future, with full taxes paid.  I also still work in "a capacity" for the police.  I have no conscience about living into old age and the state helping me when required.

I'm afraid the idea that anyone paid into the State Pension pot is a lie peddled by the politicians. And if any of your other pensions are public service final salary pensions (Armed Forces, NHS, Firemen etc but not Local Govt) then that's also a lie. There is no pot, never was never will be.

There is no State Pension fund/pot to pay into. There is also no public service pot (except LGPS). Todays tax payers have to pay for both types of these pensions to be paid to baby boomers. Basically the boomers wrote the rules to say that someone in the future (todays young) would pick up the bill for the pension promises that they made to themselves 30+ years ago.

All the Tax/NI you paid in the past (say 1980) was used to pay for the govt spending in 1980. There was nothing left over (infact there was usually a defecit) to fund the promises that the baby boomers made to themselves. And people wonder why today's young are a bit miffed when they have to pay for their own University fees, no similar pension, and no prospect of getting on the housing ladder.

No they are not, both being company pensions, and I stated that I had paid into those.

I am fully aware that the state pension comes out of the taxes we have paid, and still are with my company pensions that are classed as taxable income. That is why I have no conscience to let the state help with when necessary

[STEMO]

Don’t worry, Lizzie. I get my state pension next year, approx £700 a month, because I have the required 35 years of NI contributions. But the tax payer paid 14 years worth of those contributions for me, because my name was on the child benefit book.
I have no fickin qualms whatsoever.

[Lizzie Zoom]

Don’t worry, Lizzie. I get my state pension next year, approx £700 a month, because I have the required 35 years of NI contributions. But the tax payer paid 14 years worth of those contributions for me, because my name was on the child benefit book.
I have no fickin qualms whatsoever.

Didn't think you were as old as that STEMO

[Lizzie Zoom]

.............and as I have paid into two other pensions in addition to my State one, I have more than contributed to my old age future, with full taxes paid.  I also still work in "a capacity" for the police.  I have no conscience about living into old age and the state helping me when required.

There is no State Pension fund/pot to pay into. There is also no public service pot (except LGPS). Todays tax payers have to pay for both types of these pensions to be paid to baby boomers. Basically the boomers wrote the rules to say that someone in the future (todays young) would pick up the bill for the pension promises that they made to themselves 30+ years ago.

On that point history is that the first State Pension was introduced after pressure from the Liberal Party, which included Winston Churchill, with the Old-Age Pensions Act in 1908, and the first payments of 5/- per week made to MEN of 70 years or over.  To pay for that the Liberals argued that instead of building another 8 Dreadnoughts, "just" 4 should be.  It was recognised that future taxation would have to allow for this social change, and for the first time the State would have to fund it and the Defence Budget may have to be reduced accordingly, which in time and as   
wars came and went, with people's attitudes modified towards a "socialist" outlook, that is exactly what has happened.

I always love it when I write up the UK Expenditure Budget for the early years of the 20th Century.  In 1910 these figures were:

                                                                                        £ million
                                                         Total Expenditure        341.4
                                                                 Pensions                0.9
                                                                 Health Care            9.1
                                                                 Education             52.6
                                                                 DEFENCE              64.9

Just imagine if the current UK government had to explain that budget to the public. It was all about Defence, and remember that expenditure is over overwhelmingly for the Royal Navy and it preparing for what was seen as an inevitable showdown with Germany.

Pensions was just a tiny consideration for the politicians of the time, in charge of still THE Great World Empire

In 2010 this UK Expenditure looked like this:

                                                                                            £ million
                                                         Total Expenditure        673,104.0
                                                                 Pensions             116,392.0
                                                                 Health Care         116.916.0
                                                                 Education              88,484.0
                                                                 DEFENCE               42,552.0

How times have changed!


                                                               

[Lizzie Zoom]

.....................................therefore the Defence expenditure in 1910 was therefore 19% of total ; in 2010 6% of total


................and that vast reduction is helping to pay our state pensions!

[TheBoy]

I hope the chancellor cuts all payments to anyone.  Ones lik child benefit and free nusery really get my goat up. Can't afford the little baskets? Get 2 bricks.


Obviously my views aren't helped by the last 6 weeks of state sponsored wank for CIN.  If we are going to pick a state charity, at least pick something worthwhile.

[Migv6 le Frog Fan]

I'm worried by the fact that I increasingly agree with just about everything you say - apart from your huge EU blindspot obviously. 

[STEMO]

Doesn’t matter though, does it? I don’t think slim Phil looks at OOF.