Starmer's vision quest

[Psamathe]

And stop the public sector platinium plated pension schemes, moving them all over to money purchase schemes like the rest of us.

My concern stems from that many people talk very glibly about ending the tripple lock but don't appreciate that for those entire dependent on the New State Pension it really isn't "generous" and they really stuggle. That is maybe masked as many have additional income sources (eg public sector and workplace pensions, savings).

Triple to double is not a massive issue if the double is wages and inflation as the fixed minimum has had its day. But may just throw in "the triple lock is too expensive" without appreciating option or impacts for those struggling.

Personally I wonder if the way forward is "means testing" except that has negative impacts so it would need to be carefully designed to offset against those (eg why prepare for retirement if that preparation means scrimping now just to receive less in retirement?)

 

[Dorset Boy]

It did occur to me that one factor in so many things being outsourced by 'government' is the platinum plated public sector pensions. Having those functions done in-house means employing more civil servants and we, the tax payer, are then saddled with an open ended liability in respect of their pension benefits.
Stop those pensions to future accrual, and to new entrants, and running more in-house would become more affordable.

 

[Rusty Nails]

I heard a suggestion the pension should be linked to MP salary increases. That will keep them lower, won't it?