For example, the NHS’s total pension cost for the year to March 2022 was 74 per cent of its £57bn pensionable salary, a taxpayer cost of 64 per cent – £37bn – after member contributions of 10 per cent.
They’re not underpaid, are they?
For example, the NHS’s total pension cost for the year to March 2022 was 74 per cent of its £57bn pensionable salary, a taxpayer cost of 64 per cent – £37bn – after member contributions of 10 per cent.
They’re not underpaid, are they?
I can understand the medical staff striking. After studying for years and working like a dog, it must be galling to see an utterly stress free numpty with no qualifications earning 3-4 times what your earning for tapping on a keyboard, inputting W, B or O into a program that will never ever be actioned.
The ‘members contributions’ are also paid by the real taxpayer in wealth creating private business.
earningbeing paidI suspect that one reason why their pensions are so large is that the money to fund them does not need to be spent until the pensions are being paid. Until then any liabilities are really just theoretical, which suits the government of the day just fine.
But maybe we should change things to move some of that money from future pension payouts to current take-home pay. A future pension is of very little use in paying for most things.