finlo Posted February 20, 2020 Share Posted February 20, 2020 41 minutes ago, quilp said: It would be interesting to find out just how accurate the much bandied expression ..."people are living longer" really is. What's the percentage comparable to when? A cursory glance at the obituaries would beg to differ! Quote Link to comment Share on other sites More sharing options...
quilp Posted February 20, 2020 Share Posted February 20, 2020 47 minutes ago, finlo said: A cursory glance at the obituaries would beg to differ! Ok, I should've been more specific, I'm talking about those in receipt of a government pension. Quote Link to comment Share on other sites More sharing options...
wrighty Posted February 20, 2020 Share Posted February 20, 2020 There are indications that life expectancy has peaked for now, and may be declining a bit. May be a demographic curiosity (just like the Queen sending very few 100th birthday cards out last year due to the low birth rate at the end of WW1) or a reflection on increasing rates of obesity that have come to the fore in recent decades. Quote Link to comment Share on other sites More sharing options...
Albert Tatlock Posted February 20, 2020 Share Posted February 20, 2020 40 minutes ago, wrighty said: There are indications that life expectancy has peaked for now, and may be declining a bit. A lot of research going into this currently...causes are likely socioeconomic inequality and economic hardship - and more suicides and drug overdoses in working age people bringing down the average. People often forget it is an average. Years ago average death was age 40...but it was an average...skewed by high infant mortality. Quote Link to comment Share on other sites More sharing options...
wrighty Posted February 20, 2020 Share Posted February 20, 2020 1 minute ago, Albert Tatlock said: A lot of research going into this currently...causes are likely socioeconomic inequality and economic hardship - and more suicides and drug overdoses in working age people bringing down the average. People often forget it is an average. Years ago average death was age 40...but it was an average...skewed by high infant mortality. That is correct. In addition, we used to lose lots of young men due to war and industrial causes - both accidents and longer term health problems - which affected the average, perhaps explaining why women live longer than men. Anecdotally, over my 25 years in hospital medicine, we’re seeing far more patients in their late 80s and 90s than we used to, so from that I’d say average age at death given survival to retirement age (thereby taking out the perinatal and war effects on the average) has increased quite a lot. It seems to be stalling now though. 1 Quote Link to comment Share on other sites More sharing options...
Albert Tatlock Posted February 20, 2020 Share Posted February 20, 2020 On 2/18/2020 at 1:28 PM, quilp said: That's news to me and my colleagues as it says on my pension forecast it's 66.8 years. How did you arrive at 60? Luckily for you post-Brexit...it's back to imperial and 67. Quote Link to comment Share on other sites More sharing options...
quilp Posted February 20, 2020 Share Posted February 20, 2020 Great. A small sacrifice. Quote Link to comment Share on other sites More sharing options...
Non-Believer Posted February 21, 2020 Share Posted February 21, 2020 Hmmm. Just reading the Budget breakdown in the Indy and there's comment by Michael Josem, chairman of Lib Vannin. He's claiming that the Budget has incorporated a £48.5M raid on reserves - and that £33.6M of that has been taken from the PSP "reserve". Also a £3.4M cut in DHSC funding despite a claim of an additional £14M invested. With £2M of that being due to the transfer of the PH directorate to the Cabinet Office. Page 8 for those interested. Quote Link to comment Share on other sites More sharing options...
Andy Onchan Posted February 21, 2020 Share Posted February 21, 2020 14 minutes ago, Non-Believer said: Hmmm. Just reading the Budget breakdown in the Indy and there's comment by Michael Josem, chairman of Lib Vannin. He's claiming that the Budget has incorporated a £48.5M raid on reserves - and that £33.6M of that has been taken from the PSP "reserve". Also a £3.4M cut in DHSC funding despite a claim of an additional £14M invested. With £2M of that being due to the transfer of the PH directorate to the Cabinet Office. Page 8 for those interested. A balanced Budget again then? 2 3 Quote Link to comment Share on other sites More sharing options...
Phillip Dearden Posted February 22, 2020 Share Posted February 22, 2020 On 2/21/2020 at 2:05 PM, Non-Believer said: Hmmm. Just reading the Budget breakdown in the Indy and there's comment by Michael Josem, chairman of Lib Vannin. He's claiming that the Budget has incorporated a £48.5M raid on reserves - and that £33.6M of that has been taken from the PSP "reserve". Also a £3.4M cut in DHSC funding despite a claim of an additional £14M invested. With £2M of that being due to the transfer of the PH directorate to the Cabinet Office. Page 8 for those interested. Almost. 19/20 involves a 33.7m transfer from Reserves, 20/21 is budgeted to utilise 48.5m of reserves. These include 33.5m in 19/20 and 36.3m in 20/21 re the PSEPR. In both cases, there is a surplus after the transfer from Reserves. I am not sure this really means anything and prefer to note that expenditure exceeds income by 22.5m in 19/20 and 36m in 20/21. 1 Quote Link to comment Share on other sites More sharing options...
buncha wankas Posted February 22, 2020 Share Posted February 22, 2020 On 2/20/2020 at 4:16 PM, quilp said: Ok, I should've been more specific, I'm talking about those in receipt of a government pension. Don’t government workers pay 10% of their salary into their pension, if the give up 10% of their income for their future needs, how are they any different to other workplace pension, aside from the fact that their employer is the government! Its those that don’t save for their pension to top up their state pension who can become a drain on the pot and are 10% better off for 30 to 40 years. I have a private pension and I pay for it. 1 Quote Link to comment Share on other sites More sharing options...
sir nige Posted February 23, 2020 Share Posted February 23, 2020 On 2/20/2020 at 11:01 AM, TheTeapot said: Why isn't there an actual fund? Seen the state of the Ontario Teachers Pension Fund? They own half the world. canada had a massive problem with pension funds going bust.......they changed the law so payments could only come out of yearly income plus a % set aside for investment..... debt gone over night....... iomg could do this tomorrow if they wanted...... Quote Link to comment Share on other sites More sharing options...
Phillip Dearden Posted February 23, 2020 Share Posted February 23, 2020 2 hours ago, sir nige said: iomg could do this tomorrow if they wanted...... How? Quote Link to comment Share on other sites More sharing options...
GD4ELI Posted February 23, 2020 Share Posted February 23, 2020 7 minutes ago, Phillip Dearden said: How? Not the remotest hope. This Canadian reference is bogus, anyway the IOM could raise revenue were it needed. Quote Link to comment Share on other sites More sharing options...
sir nige Posted February 23, 2020 Share Posted February 23, 2020 1 hour ago, Phillip Dearden said: How? by only paying out what's in the yearly pot...... no more fixed payments..... the old "the value of your investment can go down as well as up" or wait until it goes bang...... Quote Link to comment Share on other sites More sharing options...
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