New to Tattle Life? Click "Order Thread by Most Liked Posts" button below to get an idea of what the site is about:
Now earning 30k in the same job, just with extra responsibilities.
Also a civil servant with a terrible salary and its a really high pressure environment. Im in ops and I keep hearing policy is where its not as stressful.
I dont mind my job but its extremely busy all of the time. Very target driven despite the fact its 'not supposed to be'
Same. I’m on the frontline where it’s very target driven and stressful. I feel like I’ve been in a permanent state of burnout since the pandemic.
Someone told me yesterday that civil servants get a 27% pension contribution!! Is that true?
The employer contribution in most public sector schemes is around this if not more.
But it's a bit of a misnomer as there isn't a "pension pot" as they are defined benefit schemes.
So it isn't like that contribution is directly going to that person's pension. It is going to the pool of contributions to ensure there are enough funds for the current and future liabilities.
Yes but its not a pension pot so to speak. You dont hold a pot value so the 27% isnt really money.
Its an excellent scheme if you live a long life, not so great if you die young or v early into retirement.
Also the majority of civil servants are not on a high wage. 'Nearly half (49.7%) of civil servants are paid below £30,000. Higher salaries are less common: just under a quarter (24.2%) of civil servants earn more than £40,000 and less than 3% earn over £70,000'
Source
Civil service pay | Institute for Government
How much are civil servants paid across government departments?
www.instituteforgovernment.org.uk
Ive been in the civil service over 10 years and my projected pension is not good.
My OH works for the same company as me. He's three bands lower than I am and is paid c.£28k. He has an administrative role, albeit a technical one. There are points in the year where it's very high pressure and stressful with required overtime. The way the salary bands work for the company we work for makes absolutely no sense. I'm two bands higher than my OH's boss and they're managing a team of 12 and reporting into a department head. I manage no-one and report directly into a director.
I do wish my OH was a bit more ambitious and would push himself for a promotion or just a role that earned more money. Would really take the pressure off me as the main breadwinner especially at the moment because I'm on mat leave and we'll have to use savings to cover the month where I get no money.
I do wish my OH was a bit more ambitious and would push himself for a promotion or just a role that earned more money. Would really take the pressure off me as the main breadwinner especially at the moment because I'm on mat leave and we'll have to use savings to cover the month where I get no money.
I’m fully remote and have been since 2016.
My company has embraced flexible and remote working for many years. So I feel extra lucky to have that along with development opportunities that have got me to the point of earning a decent wage.
But if you die your family stands to get better than those with a “pot”. Most DB schemes have a refund of contributions if you die in deferment or if you die in retirement you might have a guaranteed paid period to your next of kin, additionally there could be a spouses pension and or a child’s pension with annual CPI increases. I worked in pensions previously so can say this with confidence.Yes but its not a pension pot so to speak. You dont hold a pot value so the 27% isnt really money.
Its an excellent scheme if you live a long life, not so great if you die young or v early into retirement.
Also the majority of civil servants are not on a high wage. 'Nearly half (49.7%) of civil servants are paid below £30,000. Higher salaries are less common: just under a quarter (24.2%) of civil servants earn more than £40,000 and less than 3% earn over £70,000'
Source
Civil service pay | Institute for Government
How much are civil servants paid across government departments?
Ive been in the civil service over 10 years and my projected pension is not good.
My parent died, they were single with a civil service pension of 30+ years contributions.
No spouses pension, no childs pension. Nothing. Not yet state pension age but had been claiming the civil service pension for 5 years. There was nothing due to anyone.
I can say this with confidence because I have explored all avenues with it. I was the next of kin and named beneficiary on the pension so have all the paperwork. Its sickening.
There are certain scenarios where you are screwed over.
It is not the 'golden pension' everyone makes it out to be. Its a good pension for the individual if they live a long life to claim it. For a spouse you can potentially get 1/3 of the payment but its not guaranteed and there can be time limits on it too.
Most times a child’s pension is only payable if they are under 18 or up to age 23 if in full time education. If they were single then no spouses pension. Often if there is a payment guarantee it’s only for the first five years that the pension comes payable. My advice to anyone is to get the tax free lump sum as often most people will sadly not get the benefit of a slightly larger pension.
totally agree it is sickening. It’s all pot luck isn’t it. Sorry you found yourself with nothing. I only got 4 months of my fathers pension and the remainder of what he had saved was already spent funding private care before he died
I dont think my parent really understood their pension. I think they were lured into a really false sense of the 'good public sector pension' narrative and thought there would be something left for me but there was nothing.
I dont really care, Id much rather have my parent back than any money but I know theyd be devastated at all those years contributions for very little.
I think youre right if possible take the lump sum. Appreciate not everyone will be in a position to do this.
Shocking isn't it. This is why my company will keep me interested. Even if my pay doesn't rise... The maternity is good. 26 weeks full pay and 13 half pay with 13 SMP.
Yes I work on the frontline too
Pensions are a gamble.I dont think my parent really understood their pension. I think they were lured into a really false sense of the 'good public sector pension' narrative and thought there would be something left for me but there was nothing.
I dont really care, Id much rather have my parent back than any money but I know theyd be devastated at all those years contributions for very little.
I think youre right if possible take the lump sum. Appreciate not everyone will be in a position to do this.
You hope you will retire at a reasonable age, live for 30+ years and maybe predecease your spouse and they get it a few years longer.
But some will die before claiming it, have no spouse or kids and therefore any benefits will be minimal.
I'm married to someone 8.5 years older than me and no kids. Public sector pension. So to get my monies worth I need to either die tomorrow (death in service) or live to 100. Let's hope it's the latter.
Oh absolutely I know that. The age I am I'll probably never see retirement the way things are going.
Quite a lot of people in my building have gone partially retired I think as a way of getting some time to themselves but financially still managing. Fair play to them.
£25k top of my band 4 NHS. A little more for enhancements for weekend pay. i’m 34.5 hours a week. No bonuses. Pay rise may arrive some time before Christmas when it’s been fought over i’m sure. ( 15 years in current role)
Wish careers advice had been better in the mid 90s. A lot of caring/healthcare type roles are so low paid for the effort and hard work, often with little progression ( apart from management which is more stress but never much more money for that stress!) to the numbers that are regularly talked on here
Wish careers advice had been better in the mid 90s. A lot of caring/healthcare type roles are so low paid for the effort and hard work, often with little progression ( apart from management which is more stress but never much more money for that stress!) to the numbers that are regularly talked on here
Currently two days in, three days WFH. OH works for the same company and he only does one day in the office and gets to choose his day. On top of that he fully WFH during busy periods