Tuesday, 7 July 2015

Reminder to everyone - MY PENSION and yours


HERE'S SOMETHING WRONG WITH THE GOVERNMENT'S CALCULATION OF AVAILABLE PENSION, THEY FORGOT TO FIGURE IN ALL THE PEOPLE WHO DIED BEFORE THEY EVER COLLECTED  Old AGE PENSION.
     

WHERE HAS ALL THAT MONEY GONE?

     

Remember, not only did you and I contribute to our Pension, our employer did, too.   It totaled 15% of your income before taxes. If you averaged only £15 000 over your working life, that's close to £220,500.  Read that again.  Did you see anywhere that the Government paid in one single penny?

 

We are talking about the money you and your employer put into a Government bank to ensure that you and I would have a retirement pension from that money we put into that Bank, it was not money that the Government had any right to spend elsewhere.
 
Now they've started to call that money we paid in an 'entitlement' when we reach the age to take it back. 
 
If you calculate the future invested value of  £2500 per year (yours & your employer's  contribution) at a simple 5% interest (that's less than what  the govt. pays on the money that it borrows from overseas), after 49  years of working you'd have £892,919.98.

     
If you took out only 3% per year, you'd receive £26,787.60 per year and it would last better than 30  years (that means until you're 95 if you retire at age 65) and that's with no interest paid on that final amount on  deposit! 
 
If you bought an annuity with the money and it paid 4% per  year, you'd have a lifetime income of £1976.40 per  month.

 
THE CROOKS IN GOVERNMENT HAVE PULLED OFF A BIGGER ROBBERY THAN THE GREAT TRAIN ROBBERS EVER DID.


     
Entitlement!!??  My foot!  IT'S MY MONEY!!  I paid IN cash for my pension.
 
Just because they borrowed the money to spend on other things, that  doesn't make my pension some kind of charity or  handout!!

     
Remember MP's benefits (?) --- free healthcare, outrageous retirement packages, 67 days paid holidays, three weeks paid vacation, unlimited paid sick days.  Now that really should be called welfare entitlements, yet they have the nerve to call my O A P retirement payments entitlements?
 
We're "broke" and the government can't help our own OAPs, our ex-service personnel, our orphans or our homeless.
 
Yet in the past few years we  have provided aid to Haiti, Chile, Turkey, India, Pakistan,  etc., etc., etc.   Literally, BILLIONS of £s !!!  And they can't help our own citizens!
     

Our retired seniors living on a 'fixed old age pension have to beg social services to receive additional aid, while our government and religious  organizations pour hundreds of billions of £££, tons of food, to foreign countries!

They call the old age pension an entitlement even  though most of us have been paying for it all our working lives. Now, when it's time for us to collect, the government is running out of our money
 
Why  did the government borrow from it in the first place? 
It was supposed to be in a securely locked box, not to be used as part of the  Government's general  funds.
  

Sad, isn't it, that 99% of people won't have the guts to remind others of this.  I'm in the 1% with guts enough to do it - - - and I just did.
 
I hope some of you will do the same.