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Strike a Light - Whatcha all Doin' 'ere & Where's my Usual Nurse? 29 of 29 Ciao Users found the following review helpful
Rating from TheTravellingShowAndTellMan 5 Stars ()

Advantages Can manage the evils of bad management

Disadvantages Used to readily, possibly as the leaders cannot debate instead

Hello

How are you today - I hope you are well - let me tell you a story about me, about you, about what I know and what I think - for all it's worth - which may be nothing.
Who am I?

I work in the public sector as a customs officer. I have been an officer since joining in 2004. I used to work in various private businesses from restaurants, to law firms amongst others. I am not a member of any union - and oh yes - I like my job - I think it has a purpose. I am 33 years old and I am your typical white, middle class, suburban, male public servant.
So, do I support the public sector strikes?

Well - that is a question and for those who know me you will know my answer will not be straightforward when I get a bee in my bonnet so please take a stroll through my thoughts (however naive and / or misinformed you may think them to be) and when you get to then end and only when you get to the end please let me know your own thoughts.

A Brief History

The union movement began when a bunch of people, quite legitimately felt aggrieved at being treated like slaves. They marched from Tolpuddle in Dorset to Islington in London. They were the Tolpuddle martyrs. Don't worry they didn't die, which I guess means they weren't martyrs...erm... anyway they certainly put themselves out a bit with all that marching and the outcome was a trade union movement that protected workers against any extreme evil management.
And this was good.

The Current Debate

The current problems public sector wide revolve around pensions (and redundancies).
There have been many tube strikes, firemen strikes, lecturers’ strikes, binmen strikes and other civil service strikes over the last 10 or so years, which were about safety and pay, but the current ones are about pensions and redundancies.

Essentially, this is how I understand it.

The current pension system is based on, if not a ponzy scheme, it is certainly a pyramid system. Everyone gets a final salary pension which means when you retire you get a pension based on what you finished earning. Even if you were earning peanuts for all the other years. In order for this scheme to work more people need to pay in (a pyramid system) or growth needs to be massive to make your pension worth less compared to the earnings of those paying in (so the latter is unlikely without an element of pyramid system.
Don't worry pyramid system are not illegal and I am not suggesting the final salary pension system is illegal. (A ponzy scheme is illegal - that requires people to feed in knowing the scheme is only supported by further contribution.
It is however poor economics.
So the new scheme is based on a lifetime’s average earnings or contributions based. So if you earn £10,000 for 10 years and £20,000 for the next 10 years you have a pension of £10,000 contributions and 10 years £20,000 contributions.
This to me makes perfect sense and that is how I thought a pension fund was run. If I had only read about Robert Maxwell when I was at school - I would know this was rubbish.

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Comments

Maybe you have a question about Do you support the public sector strikes?? Ask here
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  • jesi 17/08/2011 14:25
    Rated this review as
    Very Helpful
  • Revo9 28/07/2011 18:26
    Rated this review as
    Very Helpful

    Superb stuff!

  • Averilla 22/07/2011 15:01
    Rated this review as
    Exceptional
  • christinat 17/07/2011 19:39
    Rated this review as
    Exceptional

    A fantastically opinionated review, well said. x

  • silverstreak 17/07/2011 09:40
    Rated this review as
    Very Helpful

    At last - a public sector worker who isn't whingeing about being hard done by. Very refreshing.

Previous page Next page Page 1 of 6 | 1 - 5 out of 29 comments

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