Bloke came on describing his dad's public sector pension
"he started as a prison officer on £20 per week, had a long career and retired as a prison governor 20 years ago on 50% final salary pension."
He worked out that not only had his dad had a pension far above what him and his employer (the state) paid in, he has actually got more out of his pension than he earned in his working life!
Bloke came on describing his dad's public sector pension
"he started as a prison officer on £20 per week, had a long career and retired as a prison governor 20 years ago on 50% final salary pension."
He worked out that not only had his dad had a pension far above what him and his employer (the state) paid in, he has actually got more out of his pension than he earned in his working life!
So who pays the difference? Moi
I like the way inflation has been utterly ignored over what, 60 years? here.
Edit: Just seen the other replies. Thank fuck some people have some fucking sense.
Bloke came on describing his dad's public sector pension
"he started as a prison officer on £20 per week, had a long career and retired as a prison governor 20 years ago on 50% final salary pension."
He worked out that not only had his dad had a pension far above what him and his employer (the state) paid in, he has actually got more out of his pension than he earned in his working life!
So who pays the difference? Moi
...good on him,the pension went with the job, he went from the bottom to the top in a job i wouldnt envy and is still going strong...not everyone does...sounds like the son would have been less bitter if his da had pegged it!!