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About LinkBacksIndeed... This is a huge mess
Indeed... This is a huge mess
More divide and conquer tatics. Instead of workers uniting against the crooks in Fianna Fail and their developer and banker henchmen workers are being set against each other. Cant believe people are alling for it.
The reason there is an imbalance is because of the thievery carried out by the pension industry. If the fund managers did their jobs and the pension companies kept their hands off peoples premiums then the imbalance would be a lot less.
Certainly all pensions hould be capped at €50k p.a. Retired people do not need any more than that to live.
I for one am not falling for anything. If these figures are correct (I leave that open for others more familiar to determine) there exists a major issue. That issue was not created by the bankers (god I hate saying something wasn't their fault). There were massive divides in the public/private sectors long before the recession. The recession has only highlighted the flaws just as it has with everything in the Irish economy screwup. I now has to be solved and the rampant slaughter of finances stopped at every level, public and private. Agree on the 50K cap though.Originally Posted by Oldira1
They are not. As I have already highlighted
Over half the public sector earns less that 40K p.a. 30% less than 30K
Thats a pension of 20K and 15K respectively. Hardly creaming it, are they?
'Hello. My name is Inigo Montoya. You killed my father. Prepare to die.'
Inigo Montoya.
I am not a huge fan of the public sector but in fairness you can hardly expect them to just refuse to take their pension or to accept massive decreases in salary. I would take any figure given by the crooks in PIAB with a pinch of salt. They are chancers. The fall in private pension funds is blamed on macro-economic forces rather than the theft and incompetence of fund managers. The salaries some of them earn are obscene.
PIBA is non profit organisation.
That is why no one on less than 30,000 should pay into a private pension scheme. Remember when you reach age 65, you will be part of a powerful lobby group.
Spend all your money, enjoy your life and when your 65 use the vote.
I agree...but as for cutting private pension relief...all gov spending should be cut to reduce ALL taxes and thus stop us having to take an unfair toll of paying for other peoples' pensions
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they don't have to pay for the pension
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Do they not pay the pension levy and PRSI?
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