I am thoroughly enjoying the outrage over the proposed increases in contributions to public sector pensions – they have a £4 billion shortfall to make up this year alone.
The term ‘ponzi scheme’ has been overused, but it is useful to remind ourselves that all pensions have become a ponzi – those currently paying into the scheme are not saving for their own pensions, they are paying for the pensions of their bosses and heads of department who have already retired.
Remember that next time you hear a howl of rage from the public sector – public sector workers object more violently than anyone to paying more to those whose shoes they stepped into – that is why they think that if the lazy good for nothings who retired early on 30% of salary are to get any more money, anyone but them should be stumping up to pay for it – and that is why they think the rest of us should pay the bill.
The same reasoning holds true for the BBC – no one knows better than those who have inherited the jobs of the recently retired, how little they deserve to be able to sit back at a young age and draw their pension. The ones now clearing up the mess of years of inefficiency and incompetence are experts on the behaviour of the recently retired – they worked under them for years – and see no reason why they should have to work even longer years and hand over more of their pay packet in order to keep the old gits in clover.
The rest of us merely suspect that it is unfair that we should dig deeper in our pockets to provide their gold plated pensions – those public sector workers actually know how unfair it is – they knew the recipients.