R2OK!

Angela W · Joined: 11 Dec 2006 Posts: 7180 Location: North Yorkshire

http://www.bbc.co.uk/news/magazine-17855240

With retirement getting further away with each Government's changes who is going to keep us?
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Pirate Johnnie Walker played my request on 11 April 2009

ruddlescat · Joined: 16 Sep 2010 Posts: 18010 Location: Near Chester

I've always advised everyone to set up and maintain a personal pension as early in life as possible because that way you know you are guaranteed a payout at any chosen age over 55 and even if you are unlucky enough to have the pension provider go bust 90% of the fund is guaranteed by the Government up to quite a high amount

I've never believed in paying any more than I legally have to into the state pension arrangements quite simply because it only takes a single vote in Parliament to take away years of contributions if the powers that be decide it can't be afforded so all your money can end up completely wasted

We need to get away from the current system where the present working population pays for the pensions of retired people and move to a compulsory system in which everyone is required to contribute to their own personal pension fund during their working life so that in retirement they are not dependant on anyone else Smile

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Are you ready for a Ruddles?

R2Icon · Joined: 10 Sep 2009 Posts: 1444

Interesting. But if every 50 year old gave up work today, there wouldn't be enough young people to fill the spaces - so then we would have to choose which 50 year olds get the chop. It's like Logan's Run in the world of employment. Cool beans!

The problem of course is nothing to do with over 50 years olds hogging all the jobs. The problem is that we no longer have a diverse and huge manufacturing-base in this country: couple that with a generation of young folk with worthless degrees- a cheap and cruel trick by Labour to keep the unemployment figures low. We have very few jobs at the bottom end, and an army of inappropriately educated, overly qualified, overly expectant graduates who don’t want to do the jobs that are there, they want to go straight to the top because they’ve been taught to expect that, they’ve been taught there is no such thing as failure. Well check it out. There is, and we’re all part of the result of that failure. It was called New Labour.

essexlady · Joined: 10 Dec 2006 Posts: 348 Location: Essex

I see Rachel. You don't think that education has any value except as a means of getting a job?

R2Icon · Joined: 10 Sep 2009 Posts: 1444

Well without it, E.L. it's difficult, though not impossible to find a professional job, so it's certainly the primary purpose of education but there are other benefits in being a well-educated well-rounded person, but it seems pointless to me, to spend nearly twenty years of your life in education to end up on the dole because you plumped for a degree in Knitting.

Helen May · Joined: 10 Dec 2006 Posts: 19291 Location: Cheshire

Young people expecting to get managerial positions straight out of further education isn't new, although it had slipped my mind!

Back in the late 70s in one of my airline (ground ) jobs we used to get work experience students from the travel and tourism department of Durham college. All of them expected to get jobs as travel agent managers the minute they finished their courses! Some were good but others complained about stamping boarding cards (it was pre computer days) with destinations and flt numbers, saying it was like working in a post office...................

Getting back to the 50s folk giving up their jobs for younger ones, well I've a neighbour who was lucky enough not to have to work. When asked why she wasn't looking for a job she used to say 'I'm leaving a place for a younger person' but used to say people thought she was a bit mad!

H
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88 - 91 FM this is Radio 2 from the BBC!

I said it live on air in the studio with Jeremy Vine on 10/3/2005

iwarburton · Joined: 08 Dec 2006 Posts: 2133 Location: Northumberland

This is one of my pet corns. Quite agree that more needs to be done to find young people work but how can we give up our jobs when the government wants to delay the payment of pensions?

Ian.

ColinB · Guest

Helen May · Joined: 10 Dec 2006 Posts: 19291 Location: Cheshire

Agree it's a silly idea but maybe people in their late 60s should have to retire, which would perhaps free up some jobs for younger people.

I shudder to think how many skills will be lost if skills aren't passed down to younger people.

H

Nice to see you back ColinB!
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88 - 91 FM this is Radio 2 from the BBC!

I said it live on air in the studio with Jeremy Vine on 10/3/2005

ColinB · Guest

Helen May · Joined: 10 Dec 2006 Posts: 19291 Location: Cheshire

In simple terms the job that the older person was doing. I know it's not particularly innovative but a job is a job at the end of the day!

I'm sure most of us would prefer not to work beyond the retirement age (whatever that is in the future) but so many people are and it's these people I'm meaning. Of course that opens up the pension minefield which is something else altogether.......

H
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88 - 91 FM this is Radio 2 from the BBC!

I said it live on air in the studio with Jeremy Vine on 10/3/2005