Public sector, pensions, cuts & pessimism |
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Source: the3rdi, October 2010 There is much heated debate raging in the UK presently about pensions provision - and specifically, a suspicion, whether well or ill founded, that the public sector in general is enjoying the prospect of much fatter, healthier pensions that the recently beleaguered private sector. Arguments in response claim that there have already been many reforms to public sector pensions over recent years, point out that public sector scheme members contribute between 3.5% and 11% of their salary annually to their own schemes and that many public sector employees are actually low paid workers, already on quite low pensions and that headlines refer only to those 'fat cats' at the top of the ladder The real fact we absolutely and incontrovertibly need to focus on is that so many of us are woefully under-provisioned when it comes to our future income. It is absolutely crucial that women take responsibility and action, as early as possible, for their futures. Divorce, bereavement, redundancy or illness all impact enormously on your financial position and having a robust financial plan in place just makes sense when it comes to trying to manage and influence some of these situations. |
