Ok well an interesting response! My issues was on the pension themselves not on who is "worthy" or "deserving" and as I said I do emphasize with any worker who has their contract changed mid way through. You seem to talk about teachers a lot but let us not get specific as different public sector workers get different pensions (teachers though have a particularly good one though not exceptional that would be MP's!
Ok first up your comment on the structure of the pensions. You are mistaken. A Final salary pension is about as far removed from a Money Purchase one as you can get. If we take an analogy of cars the Money Purchase would be a Rover and the Final Salary a slinky two seater sports car so to even compare is grossly unfair. Yes both pay into their schemes but what they can expect out of them is wildly different. What rankles most is that Govt policy made most firms switch from Final Salary to Money Purchase (strikes?!?) as the legislation made running a Final Salary scheme unaffordable on top of which they removed tax breaks (on income derived from shares within the funds) taking a whopping 5 billion of value out of these funds each year! In the private sector they don't have the luxury of striking so looking on to this you should maybe appreciate their anger that the public sector now wishes to strike!
Now to who started the financial crisis! It is simplistic to say bankers bad public sector paying the price. I wouldn't bother saying what the financial sector brings in wealth creation or taxes as is immaterial. Politicians were more than happy to promote a credit boom as it made feel folks feel richer (sofa on credit oh look our house is worth heaps so what could go wrong) mirrors a govt borrowing money to pay for things today by spending tomorrows income. Now the time has come to pay it back and is an issue....
The public sector workers are certainly paying a heavy price for idiotic policies from those that rule us. Bankers well add a w and remove the b!
But the crux here is that when you are bust is no good pretending nothing is wrong. The private sector pensions have been pillaged by governments robbing our futures to pay for a bloated bureaucracy. Those in the public sector I think know this which is why only 30% voted in the ballots saying strike.
Is not about losing teachers (which is of course bad) but an acknowledgement that when the state employs a huge percentage of the workforce something is seriously wrong and the private sector can no longer pay for this largesse.
The public sector should remember that they have, even after the changes, a very favourable pension scheme way better than the private sector who don't have the luxury of striking and who themselves have been raided to an awful extent and did our public sector brothers and sisters take to the street when their pensions were taxed?
No.
So very sorry I do feel your pain but on balance I think the public sector should on this occasion accept the changes and striking is not just irresponsible but incredibly dangerous for the UK financially.
On the topic of the structure, I think part of this confusion was due to me simply rushing the posts. I was under the impression that whoever the first guy was, was saying that for all public sector pensions, the employee pays nothing towards their pension, and for all private sector pensions, the employee pays 100% of their pension.
My statement that they were in any way the same, was intended to mean that this is not true, and that in both cases employees money towards their pension. Having re-read the post I quote, I feel I may have misunderstood what he meant. I am aware of the different structure of pensions (though evidently not as much as you.) Structure was not a very good work to use their I'll concede, again I was being incredibly over-simplified, and by structure I meant that the government does not pay all of the public sector pensions, the public sector worker puts some in too.
Pretty much everything I have said about them being the same was based around my misunderstanding of the original post.
The only small comparison I made is that when the pensions of private sector workers with degrees is compared to the pensions of teachers, the gap is smaller than when the average private worker's pension is compared with the pension of a teacher. Apologies for my lack of clarity.
Of course I'm not saying "bankers are bad! no more financial services for Britain!" as that would clearly be idiotic, and I am aware that Britain's high borrowing figures are one of the largest causes of the mess we are in. I just feel that public sector worker is paying for there mistakes a bit too much.
I agree that economically, it would be better for the economy as a whole, if there was no strike. If we had the circumstances where the government could control their people and make them decide that they actually don't want to strike after all, then economy overall would be better. But clearly by this point we are in the plot of 1984.
However, I do respect the right of the public sector workers to strike, as I can see the pain of having the deal changed half way through your working life, to a massively less favourable one. The point that the private sector workers didn't have the opportunity to strike against the changes, is regrettable, but I don't believe that it directly affects this issue, their pension deal has been changed, for many this is half way through their teaching career and they will now get much less than they had been promised previously, whilst having to pay more and work longer.
I think that if instead of an increase on pension money it was for example a longer public sector pay freeze, then I would be against them striking as I would see that everyone has to make sacrifices for the economy to work. However I just view this as a 3.2% tax on hard working public sector workers, whose jobs are not that well paid anyway given their qualifications, and to add to all that, they will get less money as a pension at the end. That just seems unfair to me, given that they were promised much better than that.
Onto the topic of irresponsibility, given that the strikes are happening, do you think that it is responsible of the government to continue to give no ground? They said that unions should get back to negotiating, but at the same time, refused to actually do any negotiating. Given that the strike is going to happen, if they continue to ignore it, then I would argue that continuing to not negotiate is worsening the economic conditions as it becomes more likely for another strike to happen.
And if anyone wants to go on about the poor teaches, police officers, etc... the highest percentage of stress related early retirement are all in the public sector... must be nice to take early retirement because of stress with a nice big fat pension paid by the tax payers... if you can't cope, change jobs like the private sector employees do...
Much of what you said is the same as what Lightyjo said, but I'll respond to this bit.
If the economy recovers to the extent that teachers can do this, then I'm fairly sure that lots of teachers will do this, that fact combined with the fact that less people will become teachers now that the deal is worse, and this could lead teacher shortages which are not good for anyone, this was one of my main points earlier.