We directly fund Tesco, and other companies through shopping / train fares / bills and so on. All their money starts with us. Of course it is something to do with you & me.
I knew someone would come back with this, the same thing then applies to every single company and wage in the world even our beloved Dunky.
I worked in the private sector and also missed out on huge sums for the same reasons, will the Government make up my shortfall, I also don't get a final salary pension like most in the private sector
So they don’t exist in the civil service at all then?
When you say “most in the private sector” May I ask how you know this?
Yes - footballers are vastly overpaid. And it's our money on tickets, TV subscriptions and merchandise that pays for it.
defined benefit in public sector will usually be better than most in private. people dont appreciate the employer contributions paid on their behalf, and the security of these schemes. have to be in large multi-nationals to get anything comparible, smaller business until recently often had nothing.
Slight amendment to what they said and should of
I read this as meaning , ‘most in the private sector don’t get a final salary pension’. Most private sector pensions are now Defined Contribution rather than the Defined Benefit kind that Gordon Brown helped kill off.
Absolutely, my mum is retiring from the NHS in a few months after 27 years service on a DB scheme. They were putting c22% of her annual wage into the pot and only required her to increase her own contributions over the last 5 years to maintain the amount.
The Local Government Pension Scheme is fully funded by members and employers. There is no shortfall and the scheme receives no top up of the type you mention.
Bert is quite literally the biggest TOOL his father ever made
Just sharing what I happen to have seen, in the spirit of Open Government. It’s not like I’ve divulged who the group admin is and who the members are…or repeated anything like “no wonder Bert’s f***ed off to Rome. I’d have done the same.”
Because that would be the wrong thing to do. Probably.
And your Point ?Yet as ever, you never seem to object to the £ millions regularly paid to corporate bosses and shareholders. Bosses paid £ millions, but it's doctors, train drivers, refuse collectors, and the police who you accuse of being greedy.
Chairman of Tesco recently had his pay doubled to £10 million, while train drivers see their salaries increased (in some cases) to £65,000 - but its the train drivers, not the Tesco boss, who are denounced as greedy and selfish!
Tories really do despise ordinary working people; the proles should be seen, but not heard, and certainly not expect to enjoy pay rises which are only a fraction of what their bosses are regularly awarded.
Tesco boss's pay more than doubles to £10m
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The dividends at UK rail operator Govia came despite recent challenges to the UK rail sector, including widespread passenger dissatisfaction.www.railway-technology.com
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Analysis from the High Pay Centre suggests the average pay of a FTSE 100 boss was £3.91m last year.www.bbc.co.uk
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Median pay for a FTSE 100 chief executive was £4.19m in 2023, up from £4.1m in 2022 - a 2.2% increase, according to new research.news.sky.com
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Pay awards for 2023 likely to face ‘unprecedented’ shareholder scrutiny, says PwCwww.ft.com
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www.opendemocracy.net
Water companies pay £2.5bn in dividends in two years as debt climbs by £8.2bn
In 32 years since privatisation £78bn has been paid out of utilities
Supermarket bosses paid up to 229 times more than workers - see how they compare
Staff at some major UK supermarket chains have received a few pay rises over the last year but how does that compare to the big bosses paychecks?www.mirror.co.uk
FTSE 100 bosses earn UK average salary in three days, says High Pay Centre
Bosses of the biggest firms will earn more than the typical worker by Thursday lunchtime, research claims.www.bbc.co.uk
FTSE 100 bosses given average 16% pay rises
Median blue-chip index chief was paid 118 times the median full-time worker in the UK in 2022Top bosses’ pay reaches ‘eye-watering’ high
The median pay of FTSE 100 CEOs reached £4.19 million last year, the highest level on record, upwww.lrd.org.uk
No you didn't mention the LGPS. BUT - we are part of the public sector, and you said it was a shortfall on 'public sector pensions'. It's just one area of public sector pensions that have a shortfall.
