• Login
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
Times of Pakistan
No Result
View All Result
Home International News Europe

Civil Service Servants Talk About Pension Delusion

ToP by ToP
December 19, 2012
in Europe, International News
0
Civil Service Servants Talk About Pension Delusion

Civil Service Servants Talk About Pension Delusion

0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
Civil Service Servants Talk About Pension Delusion

People are ‘deluding’ themselves if they think they can enjoy a comfortable retirement without living more frugally and working longer, the head of the Civil Service said yesterday.

Sir Bob Kerslake, who will benefit from a gold-plated final-salary pension funded by the taxpayer, said he believed ministers had failed to have an ‘honest debate’ with the public about the issue.He told a Lords committee that it was ‘absolutely clear’ that the pension age would have to rise in the coming years – but that the public had not ‘faced up’ to this.And he said people needed to come to terms with the fact that they would have to make do with poorer circumstances in retirement than current pensioners.

Last night a taxpayers’ group condemned his comments, saying it was fat-cat civil servants who were deluded if they thought their generous pension arrangements were fair.And a pensions expert said that for private sector workers, living more frugally and working longer looked set to be a fact of life.But for public sector workers, it was not.Sir Bob, who is also Permanent Secretary of Eric Pickles’ Department for Communities and Local Government, earns £200,000 a year.He was made head of the Civil Service last year when Gus O’Donnell retired at just 60 on a pension worth £105,000 a year.Sir Bob, 57, will have a smaller pension than his predecessor, because he spent most of his career working outside central government, and because recent changes in civil service rules mean he will have to work until he is 65.

But the pension he will receive in eight years’ time will be far more generous than most private sector workers.Appearing before the House of Lords committee on public service and demographic change, Sir Bob was asked about how government departments were working to adapt to the changing population.He said longer life expectancies should be something to celebrate but warned there were major challenges ahead.’And to that extent I think the Government have faced up to that issue, I’m not yet sure that the country has faced up to that yet.’He added: ‘There are really only three things you can do about pensions: one is to pay more when you are in work; the second is to work longer and the third is to live with less when you retire.

‘Probably all three are going to have to come in to play here. Unless as a country we face up to that issue,  we are in danger of deluding ourselves about the challenge.‘So are we ready? I think in one sense we understand the issues. Have we had the honest debate with the people of this country about these issues? I think not.’Last night Robert Oxley, from the TaxPayers’ Alliance, said: ‘The only people kidding themselves are civil servants who seem to believe they can continue to enjoy such overly generous pensions at taxpayers’ expense.‘Sir Bob Kerslake’s words reflect an arrogance in Whitehall which really angers hard-pressed families.’

Ros Altmann, a former Treasury pensions adviser, said: ‘He’s right that without a generous final-salary pension scheme which is in line with inflation like the Civil Service offers, it is difficult to see how people can have a comfortable retirement unless they work longer.‘The days when employees can rely on their employer to give you a decent pension are over in the private sector. But in the public sector, employees are still guaranteed good pensions with unlimited inflation-linking.’ – Dailymail

Tags: Pension Delusion
Previous Post

New York Mayor Calls for Stronger US Gun Laws

Next Post

Kim Kardashian leads the way over new photo ownership rules Instagram

ToP

ToP

Related Posts

Pakistan has Given us Nothing but Lies and Deceit: Donald Trump
International News

The greatest threat to the US is neither Donald Trump nor MAGA

by Khawaja Pervaiz Seed
January 2, 2023
Khar stresses sustained international engagement with Afghan interim government
International News

Khar stresses sustained international engagement with Afghan interim government

by Top
November 10, 2022
Pak, China FO spokespersons hold dialogue
International News

Pak, China FO spokespersons hold dialogue

by Top
October 11, 2022
Pakistan warns of threat to South Asia’s peace by India’s ‘aggressive and expansionist’ regime
International News

Pakistan warns of threat to South Asia’s peace by India’s ‘aggressive and expansionist’ regime

by Top
October 5, 2022
Pakistan asks India to quit state terrorism in IIOJK
International News

Pakistan asks India to quit state terrorism in IIOJK

by Top
October 3, 2022
U.S. announces additional $10 million to its $56.1 million flood relief assistance for Pakistan
International News

U.S. announces additional $10 million to its $56.1 million flood relief assistance for Pakistan

by Top
September 27, 2022
Biden urges world community to help flood-hit Pakistan
International News

Biden urges world community to help flood-hit Pakistan

by Top
September 22, 2022
Next Post
Instagram rules

Kim Kardashian leads the way over new photo ownership rules Instagram

Popular Stories

  • Sofia Vergara

    Sofia Vergara accidentally exposed her breast after New Year’s Eve

    0 shares
    Share 0 Tweet 0
  • Cow Gets Stuck on roof in Switzerland

    0 shares
    Share 0 Tweet 0
  • Unable to match words with deeds, KP relies on Centre

    0 shares
    Share 0 Tweet 0
  • Pakistani spy agency denies it unmasked CIA chief

    0 shares
    Share 0 Tweet 0
  • Saying no to lotacracy

    0 shares
    Share 0 Tweet 0
Times of Pakistan

About Times Of Pakistan

kralbetbetturkeyikimislibahis1xbetm.infohipas.infohttps://www.wiibet.com/restbetcdn.com

Other Categories

  • Beautiful Pakistan
  • Fashion News
  • Funny News
  • Viral Videos
  • Weird News

Recent Posts

  • Multiple killed, dozens injured in Peshawar Police Line mosque blast
  • Breath life into the Royal Era of the East with Shameel Khan
  • Pakistani rupee slips further against the US dollar

Times Of Pakistan © 2021. Design & Developed by E2E Solution Providers.

No Result
View All Result
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In