4 ms·
I am not particularly talking about the most recent iteration of the pension scheme which I can imagine being a lot more cut down and closer to traditional priv
by kd913 4y ago
I am not particularly talking about the most recent iteration of the pension scheme which I can imagine being a lot more cut down and closer to traditional private pension schemes.
Largely talking about my experience seeing my parents'(30 year professors) pension who are in the Teacher's pension scheme along with other pension schemes.
From my perspective, I was blown away by the figures they were being given. With my points in regards to a potential drop in grants, and funding from students. I fail to see how the figures I saw will be sustainable going forward.
- pmyteh 4y agoYeah, those days were ended years ago. The present generation of senior management are doing very nicely though: their historically-acquired final salary entitlements with a generous accrual rate coupled with recent insane inflation in senior management salaries mean they're going to make out like bandits. My own projected pension is £13,180 a year, based on about 30 years' worth of (mostly future) combined employer/employee contributions of 30% of a salary of a little less than £40k/yr. Big bucks it is not.