Private sector workers paying €8 billion annually for public sector pensions

[DCon]

Silvio Dante. As you seem not to be getting my point I'll put it in a list

1) The country is totally stuffed. We have never been in this bad a position and everything that could possibly go wrong from an economic standpoint either already has or looks almost inevitable. Its the virtual China Syndrome of economic screwups. If the state isn't around or cannot afford to pay your basic salary what chance do you think you or anyone else has of squeezing a pension out of them.

2) I do not see any obligation to pay your pension entitlements. I pay your salary from mine and other private workers do the same. That is not an issue. You have to get paid, you are not a charity and the state (i.e the people) get a benefit in kind as with any commercial transaction.

3) I do not see that that benefit extends to times in your retirement when you are not, at that time, producing benefit to the state. I do not pay for something and receive nothing, nor does anyone else, including you. Your pension coming from the private sector earnings for some (me and likely others) represents paying for your end years when we should be paying for our own.

4) As for rude and crass insults you are the one resorting to name calling here. Also blowing people off with "yadda yadda yadda" etc isn't exactly participating in a discussion. This is a political and social forum, criticism, emotion, economics and hearty opinion is what drives it. If you don't like it, tough luck. These are important issues. I'm not here to make you feel better about the reality of peoples differing opinions.

Silvio, comments??

[Kevin Doyle]

My employer isn't screwing me out of anything, I've already said till I'm blue in the face I don't want one. Are you Kevin Doyle or Mrs. Doyle.

If your employer offered you a DB pensions scheme would you take it?

Or are you seriously forwarding the arguement that simply because you do not want a pension no-one else should have one either?

[Jurisprudence]

If your employer offered you a DB pensions scheme would you take it?

Or are you seriously forwarding the arguement that simply because you do not want a pension no-one else should have one either?

No Kevin, please listen. I've said at least three times. I don't want a pension, me, mise, ich. I'm not speaking for anyone else in the private sector regards uptake or availability of decent pension provisions. If others on the private sector where to enter into pension agreements which led to very comfortable retirement pensions then more power to them. But only, only if they did not require for someone else to pay into them as is happening in the public pension system.

And yes if I was offered a DB pension I would refuse it. It simply does not correlate well with my future career and travel plans to enter into the pension system.

[fiannafailure]

As it now seems to be government policy to grow the numbers on the dole, who is going to be left in employment to pay these pension bills

[Jock_the_Waster]

As it now seems to be government policy to grow the numbers on the dole, who is going to be left in employment to pay these pension bills

the PS/CS will gladly tell you that they can borrow more billions so as they may feather their nests

their mindset is boggling

[fiannafailure]

the PS/CS will gladly tell you that they can borrow more billions so as they may feather their nests

their mindset is boggling

I suspect that the ECB is backing our bond sales, but if Lisbon 2 is defeated, will they continue to underwrite them

[Kevin Doyle]

No Kevin, please listen. I've said at least three times. I don't want a pension, me, mise, ich. I'm not speaking for anyone else in the private sector regards uptake or availability of decent pension provisions. If others on the private sector where to enter into pension agreements which led to very comfortable retirement pensions then more power to them. But only, only if they did not require for someone else to pay into them as is happening in the public pension system.

And yes if I was offered a DB pension I would refuse it. It simply does not correlate well with my future career and travel plans to enter into the pension system.

You appear to be taking the piss mate. The bit in bold appears to the utterance of someone who's been backed into a corner and is clearly reaching to explain away an apparant contradiction.



In any case, the entire premise of this thread is in regard to pension subvention.

You are completely forgetting that you will be eligible for the state pension when you retire which is predominantly funded from taxes, yours and mine.

Now let’s rephrase the question in keeping with your orthodoxy, will you refuse the state pension as well and send it back to revenue seeing as I have contributed to it?

[Jock_the_Waster]

I suspect that the ECB is backing our bond sales, but if Lisbon 2 is defeated, will they continue to underwrite them

thats why I am considering a NO vote.

[Jock_the_Waster]

You appear to be taking the piss mate.

always amazed at the large use of English phrases in the Irish CS

I guess we never did acheive Independence

It makes me wonder is that why the CS/PS is actually so treasonous in their demands, perhaps they want Ireland to fail

[Kevin Doyle]

the PS/CS will gladly tell you that they can borrow more billions so as they may feather their nests

their mindset is boggling

Hmmm, a salary of 37K and a pension of ~370 p.w before tax is feathering my nest? That’s as long as I'm not made redundant of course.

I feel truely privileged.