What was the results of voting on Thursday? Dr Michael Benjamin, Community Psychiatrist ------------------------------- myRay: On-line Self-Help CBT http://www.myRay.com ------------------------------ Mental Health: http//www.MyDoctorExplains.com -------------------------------- Auditing || Quality Control http://www.MyDoctorExplains.com/alamo/ -------------------------------- Blog: http://www.DrMichaelBenjamin.com
On 7 May 2011 01:33, Damian Walsh <[email protected]> wrote: > According to > http://www.parliament.uk/documents/commons/lib/research/rp99/rp99-111.pdf > life expectancy for a UK male has gone from about 70 to about 75 in between > 1981 & 2011 - say 7,5% increase, I can't find the exact figures at the > moment but productivity per worker over the same period has increased by > much much more. If we could afford final salary pensions in 1981 (and we > could) why can't we today? (clue - the answer is in my preceeding mails ;)) > > Damian > > PS I know there are other factors such as migration and often a shorter > working life in white collar jobs, but the point is the same > > On Fri, May 6, 2011 at 3:55 PM, Damian Walsh <[email protected]> > wrote: > > > As I said, "invest[ment] into productive enterprise" - if you are a > baker, > > you probably won't be able to manually make bread anymore (in > economically > > significant quantities) once your in your 70s - if though you invest in a > > bread making machine with some of your surplus during your productive > years > > then the bread continues to be made after you are in your dotage, so you > can > > continue to eat even though you are no longer directly productive. > > > > British and American business preferred to spend the surplus that should > > have been set aside for pension investment on excess profits (mostly > > dividends to their shareholders) rather than on productive investment. > > > > Like I said I have a great deal of respect for actuarial science, and I > > don't think there are any surprises in life expectancy today that weren't > > forseen (and factored into pension calculations) 25/ 30 years ago. The > big > > "surprise" for companies and therir pensioners is that we don't live in a > > perpetual bull-market - but then again when you look at the share of > profits > > in our GDP I think that the companies knew that from the beginning! > > > > Damian > > > > PS - Class traitor! Wages slaves do what the're told..... > > > > On Thu, May 5, 2011 at 10:32 AM, Richard Naef < > > [email protected]> wrote: > > > >> > >> > > >> > Final Salary pensions are perfectly sustainable if they are > >> > properly funded, and if the funding is invested into > >> > productive enterprise (for want of a better word). > >> > >> I have to say I couldn't agree less. Contributions make up a small part > >> of > >> the final pot., it is the predictions of growth, the poor investment > >> polices, enormous profits and income of the people who manage them and > >> increase in life expectancy that have caused the major part of the > >> problem. > >> Work for say 20 years at a company, retire at 65 (or earlier) and live > for > >> 20 years or more on the salary you finish on, do the mathematics old > chap. > >> I have been a private consumer of financial products for over 30 years > now > >> and have seen enough projections and graphs to fill the devils punch > bowl, > >> yet still need to work. > >> Its bad enough in the public sector - which I pay for, but also private > >> companies have had to top them up, taking money out of profits, again > >> which > >> I pay for. > >> > >> ttfn > >> > >> Richard > >> > >> _______________________________________________ > >> Leedslist mailing list > >> Info and options: > >> http://mailman-new.greennet.org.uk/mailman/listinfo/leedslist > >> To unsubscribe, email [email protected] > >> > >> MARCHING ON TOGETHER (There's it) > >> > > > > > _______________________________________________ > Leedslist mailing list > Info and options: > http://mailman-new.greennet.org.uk/mailman/listinfo/leedslist > To unsubscribe, email [email protected] > > MARCHING ON TOGETHER (There's it) > > _______________________________________________ Leedslist mailing list Info and options: http://mailman-new.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email [email protected] MARCHING ON TOGETHER (There's it)
