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 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.
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?
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!
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.
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.
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