Petition to reinstate RPI
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http://the-end-time.********.com/201...is-coming.html
Oh well, if the doomsters are right, the world is going to end when Comet ELEnin (Extinction Level Event) either hits the planet or causes so much additional solar/tidal activity that life will end
. So I guess the fact that there is currently a difference of >0.75% between CPI (4.25%) and RPI (5%) does not really matter. Well at least until the 10th November when we are all still here.
Oh well, if the doomsters are right, the world is going to end when Comet ELEnin (Extinction Level Event) either hits the planet or causes so much additional solar/tidal activity that life will end
. So I guess the fact that there is currently a difference of >0.75% between CPI (4.25%) and RPI (5%) does not really matter. Well at least until the 10th November when we are all still here.
Careful,
I have a loaded banana and I'm not afraid to use it.
Anyway, your putative Teachers Pension would also suffer from the RPI trick.
I fail to see why politicians should not impose any public sector changes on their own pensions. Example is the basis of Leadership, nicht war?
Bladdered: The NASA guys are not quietly buying up tinned foods and leaving town. But thanks for the info, I shall use it in my first Astronomy lecture this semester, for a laugh.
I have a loaded banana and I'm not afraid to use it.
Anyway, your putative Teachers Pension would also suffer from the RPI trick.
I fail to see why politicians should not impose any public sector changes on their own pensions. Example is the basis of Leadership, nicht war?
Bladdered: The NASA guys are not quietly buying up tinned foods and leaving town. But thanks for the info, I shall use it in my first Astronomy lecture this semester, for a laugh.
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Karma and paste
I have not, nor am I qualified to give anybody any financial advice it is purely my own opinion. You see paying off the mortgage guarantees that you will save yourself the interest. Investing the money means you are assuming the investment will make a larger return than your borrowed money. Anyone who has been alive more than three years knows the investment market can be quite volatile.
Just as your helpful medical info on the Tri* thread was a cut and paste from wikitravel.
Where did you cut and paste your SAS career from?
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My company pension scheme tried to use CPI instead of RPI but rapidly threw that idea away when legal advice told them that they would be in breach of the pension contract with scheme members. The Service pension was also linked to RPI and prospective recipients suffered adjustments to salary increases in every annual review to take account of the 'relatively generous pension'.
I believe the government is in the same position as my ex-company in that the link to RPI was a contractual issue not an option.
To those who whinge about the prospect of being worse off in retirement than the present retired community I would merely point out that it was not the older folk who borrowed money that they could not afford to pay back or who sold mortgages to similar people - we learned from an early age that if you could not afford it you did not buy it. Whilst I am concerned that my children might be poor in old age, any reduction in my Service pension does nothing to help me to leave them in a better position.
I believe the government is in the same position as my ex-company in that the link to RPI was a contractual issue not an option.
To those who whinge about the prospect of being worse off in retirement than the present retired community I would merely point out that it was not the older folk who borrowed money that they could not afford to pay back or who sold mortgages to similar people - we learned from an early age that if you could not afford it you did not buy it. Whilst I am concerned that my children might be poor in old age, any reduction in my Service pension does nothing to help me to leave them in a better position.
