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#pensions

2 innlegg2 deltakere0 innlegg i dag
Offentlig
Emeritus Prof Christopher May

An editorial in tomorrow's FT on 'How cut Britain's rising welfare bill' contains the following statement:

'The government should reform the UK’s generous “triple lock” on state pensions'.

'generous'? as the chart below shows the UK state pension is well below the OECD & EU27 averages... and because some are able to top it up through private pensions, actually this embeds further inequality in old age.

The triple lock was intended to reduce this inequality.... its not 'generous'!

Chart: Net pension replacement rates from mandatory public/private and voluntary schemes in selected OECD countries. Pension income as percentage of previous earnings modelled for a retired private sector employee who earned the average national wage in 2022. Shows OECD average at 67%; EU 27 average at 72%, and UK at 54% full data: https://commonslibrary.parliament.uk/research-briefings/sn00290/#:~:text=A%20comparison%20of%20state%20pension,the%20OECD%20average%20of%2061.4%25.
#pensions
Replied in thread
Offentlig *
FinchHaven sfba

@xankarn

"The Resistance doesn’t seem to run through the Democratic Party right now."

The #DemocraticParty is asleep

The leadership of the #DNC has checked out

The senile old white men of the Democratic party have opened their Golden Parachutes and are softly descending downward to the Golden Years of their retirements

Nothing will touch their world-class #HealthCare, their lifetime #Pensions, their #NetWorth

They've got everything they need

They've checked out, leaving the United States holding the bag

Offentlig
David Phd

Trump performing as well as Liz Truss in his first few days

- Tariffs which caused a stock market slump, hitting pension funds
- which will also lead to inflation
- meaning the Fed will have to raise interest rates
- leading to increases In mortgage payments
- and an economic slow down

SO MUCH WINNING !!

#Trump#tariffs#TheFed
Offentlig
DoomsdaysCW

Hundreds of thousands #protest across #Greece over deadly #TrainCrash

Story by Reuters
Published 6:19 AM EST, Fri February 28, 2025

"Hundreds of thousands of people rallied in cities and towns across Greece on Friday to demand justice on the second anniversary of the country’s deadliest-ever train crash, and striking workers grounded flights and halted sea and train transport.

"Fifty-seven people were killed when a passenger train filled with students collided with a freight train on February 28, 2023, near the Tempi gorge in central Greece.

"Two years later, the safety gaps that caused the crash have not been filled, an inquiry found on Thursday. A separate judicial investigation remains unfinished and no one has been convicted in the accident.

"#MassDemonstrations were planned in dozens of cities across the country. All international and domestic flights were grounded as air traffic controllers joined seafarers, train drivers, doctors, lawyers and teachers in a 24-hour #GeneralStrike to pay tribute to the victims of the crash. Businesses were shut and theatres canceled performances.

"By early morning, tens of thousands had gathered in #SyntagmaSquare in the center of #Athens, watched by police in #RiotGear. A sign read: 'Government of murderers.' Prime Minister Kyriakos Mitsotakis’ center-right government, which won re-election after the crash in 2023, has faced repeated criticism by relatives of the victims for failing to initiate a parliamentary inquiry into political responsibility.

"The government denies wrongdoing and says it is up to the judiciary to investigate the accident. Friday’s protests reflected mounting anger over the disaster in Greece, where mistrust of government is common following a 2009-2018 debt crisis in which millions lost out on wages and #pensions, and #PublicServices suffered from underfunding."

Read more:
cnn.com/2025/02/28/europe/gree
#GreeceProtests #PowerToThePeople

CNN · Hundreds of thousands protest across Greece over deadly train crashHundreds of thousands of people rallied in cities and towns across Greece on Friday to demand justice on the second anniversary of the country’s deadliest-ever train crash, and striking workers grounded flights and halted sea and train transport.
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