Doctors' pensions
- Thread starter azaro
- Start date
Chopper the ex Copper
Alpinestars Fan
Perhaps you'd feel different if you were a Doctor.
No I wouldn't.
My pension scheme was changed last year for the 4th time in 10 years.
I now pay in 7% of my salary (it was 4% when I joined the scheme) and will have to work an extra 5 years to get the same benefits which were projected when I joined the scheme. My wife has been notified this week that she is in a similar position with her scheme.
We just have to accept that that's the way it is, and the nature of pension schemes and their investments means the economic downturn has necessitated change.
My pension scheme was changed last year for the 4th time in 10 years.
I now pay in 7% of my salary (it was 4% when I joined the scheme) and will have to work an extra 5 years to get the same benefits which were projected when I joined the scheme. My wife has been notified this week that she is in a similar position with her scheme.
We just have to accept that that's the way it is, and the nature of pension schemes and their investments means the economic downturn has necessitated change.
Yes, they may get paid quite a lot compared to the national average, but think about it ........ 5 years of medical school + 5 years of post-graduate training + constant training to stay up with medical progress. I like my doctors to be well trained and capable 
Also, I think the main point is that the Govt can't promise one thing one year and then take it away the next - same principle as the teachers (of which I am one). We do a hard job, get given quite a lot of sh*t for it, and then get told that our pensions are going to be shafted to make up a shortfall in the Govt's finances. Uh, no thanks.
Also, I think the main point is that the Govt can't promise one thing one year and then take it away the next - same principle as the teachers (of which I am one). We do a hard job, get given quite a lot of sh*t for it, and then get told that our pensions are going to be shafted to make up a shortfall in the Govt's finances. Uh, no thanks.
Chopper the ex Copper
Alpinestars Fan
Ah, so your pensions crap therefore the Doctirs shouldn't have a good one either.
My pension is my own business. If I want more out at the end of it I got to pay more into it in the first place. If I can't earn enough to do that it's up to me to pull my finger out and do something about it.
I spend my energies keeping an eye on my own financial future and and gonna get in a sweat because someone's might be rosier than mine.
7% is very little. The average Docs pays in around 11%. I lost a lot of cash and assets when I divorced so I pay 15% into mine, the max permitted on the policy.
If you're worried about the recession then you could ask why we gave nearly a billion pounds in aid to India last year, a country with its own space and nuclear programmes? But you don't, because that doesn't reflect as inherently unfair against your own situation.
Life is not fair. Never has been, never will be. You more out, then you need to be paying mire than that frankly piffling 7%. Get over it.
My pension is my own business. If I want more out at the end of it I got to pay more into it in the first place. If I can't earn enough to do that it's up to me to pull my finger out and do something about it.
I spend my energies keeping an eye on my own financial future and and gonna get in a sweat because someone's might be rosier than mine.
7% is very little. The average Docs pays in around 11%. I lost a lot of cash and assets when I divorced so I pay 15% into mine, the max permitted on the policy.
If you're worried about the recession then you could ask why we gave nearly a billion pounds in aid to India last year, a country with its own space and nuclear programmes? But you don't, because that doesn't reflect as inherently unfair against your own situation.
Life is not fair. Never has been, never will be. You more out, then you need to be paying mire than that frankly piffling 7%. Get over it.
Midlife
Retro Wizard
Which pension would you like then OP ?
Work for 30 years and get 75% of your salary as pension
Work for 40 years and get 50% of our salary as pension.
Then decide which public sector job you should have plumped for........
Shaun
PS my pension is about 13% at the moment and is going up and the years I work is going up and he benefits are going down.
Work for 30 years and get 75% of your salary as pension
Work for 40 years and get 50% of our salary as pension.
Then decide which public sector job you should have plumped for........
Shaun
PS my pension is about 13% at the moment and is going up and the years I work is going up and he benefits are going down.
I'm not saying life's fair or unfair, and nor am I saying my pension's crap - it's actually one of the best final salary schemes available.
All I'm saying is that it's changed since I joined it and isn't quite as good as it was, and that's the case for most people in an occupational pension scheme.
That's now the case with the pension provided for doctors - it's still an attractive scheme, and they're also in a rather privileged position of being able to have the NHS pension scheme for NHS earnings, and a separate scheme for their private earnings, both attracting substantial tax benefits.
They're hardly badly done to!
All I'm saying is that it's changed since I joined it and isn't quite as good as it was, and that's the case for most people in an occupational pension scheme.
That's now the case with the pension provided for doctors - it's still an attractive scheme, and they're also in a rather privileged position of being able to have the NHS pension scheme for NHS earnings, and a separate scheme for their private earnings, both attracting substantial tax benefits.
They're hardly badly done to!
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