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Tigey
Apr 6, 2015

'And you are lynching negroes'

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Tigey
Apr 6, 2015

Namtab posted:

In nursing at least people above a certain age got offered the choice

Nobody I ever met chose the new pension.

This was the case back in 2002/03 when a new average salary pension scheme was being pushed in the civil service department I worked in. It was mandatory for new staff, whilst existing staff had the option of moving over to it or staying on their existing final salary legacy scheme.

The only way in which the new pension scheme was even slightly better than the old, was that it provided a fractionally higher 'one-off' death benefit payment to spouses (about £100 higher). In all other areas it was several orders of magnitude worse. Existing staff treated the offer with literal contempt - no-one transferred to it.

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