Pensions
 

Have just heard on the radio that Centrica gas engineers are going on strike because their final salary scheme is not going to apply to new employees.

We are bombarded with news that due to stock market failures, Gordon Brown robbery etc. that most of us out here who have done our best to provide for ourselves in our old age are to be bitterly disapointed with our pensions.

Do these people live on another planet or something? Do they really think that things can continue as they are? It's beyond me!:puzzled:

Just got my annual pension statement and I just wish I understood what any of it meant :puzzled:

I'm fairly sure I'm being conned tho!

[Edited on 29-11-2005 by NBs996]

All new members in my Workplace are normal pension ie not final salary , been like this for years now , final salary pensions are to dam expensive to maintain for the company :(

Final pension for me so i am lucky compared to the newer members

You probably are Nick, but it won't bother a youngster like yourself for a few years:lol:

Just started to try and live on mine:(

I dont have one

If it makes you feel any better, neither do I now. We spend the money on the kids instead.

The gist of mine is that I won't be running a Ducati when I'm retired :(

Very very lucky situation, I work for a company that has a final salary pension and still offer it to all new starters as well ..... it is an American company, not sure if that makes a difference.

In fact from the age of 55 they actively encourage you to look towards taking retirement, many people get their pension topped up to the equivalent of being 60.

well 20 years ago I started my pension plan, I have 3 in action the first should have allowed me to retire at 55, the 2nd at 60 and the same with the 3rd. The way ther are performing I will be well into my ninties and thats on todays cost of living.:(

I work for a yank company as well. Final salary pension.

I let them make contributions but i do not make any additional ones.

I do 2 things with the cash i should be putting by for a pension.

Firstly i take up the right to buy company shares every month, for every share i buy the company matches it so i get my shares at 50% basically.

Secondly I stick my money in bricks and mortar and play the buy to let game.

When it comes time to retire i will sell my shares, flog the flats and bugger off with the profits to a sunny climate.

If the tax man wants to chase me for the capital gains tax he is more than welcome to try and find me.......;)