J30 strike: NUT, PCS, UCU, ATL call for a general strike on June 30th

[editor]

You spineless cunt.

You really are going to have to wind your neck in a bit because this kind of abuse is really over the top.

 

[belboid]

Yep, I'm curious to read more about this too.

the scheme is regularly actuarially reviewed. the latest review was meant top be two years ago, but it seems to have been dropped as embarrassing (ie, its still in surplus). Results of the last review are around, here

 

[belboid]

I'm afraid I don't see the relevance of this question.

or of all the other ones you've chosen to ignore

 

[IC3D]

Is this all about a moaning woman her fantasy middleclass cleaner and bored kid or the the strike.

 

[BigTom]

http://yfrog.com/khcmyycj

Banner drop from BBC Big Screen in Victoria Square, Birmingham.. good few thousand out today by the sounds of it, will find out this evening exactly what went on, or in about an hour if people are still around in town.
still hoping everyone will go from the rally to the ICC where Milliband and Pickles are this afternoon.. but I doubt they will (there's no real way into the ICC for the LGA conference - was tried on Wed (cameron) and Thursday (clegg).

 

[ymu]

You really are going to have to wind your neck in a bit because this kind of abuse is really over the top.

Apologies.

 

[Onket]

There is no kid, is there?

 

[dylans]

BBC reports a lot of stop and search going on in London and some arrests of black block types

 

[Onket]

Apologies.

You spineless cunt!

 

[BigTom]

BBC reports a lot of stop and search going on in London and some arrests of black block types

reading twitter there are quite a few arrests - people getting nicked for wearing black, for wearing shinpads.. people being told to take a drink from their water bottle to show it's not petrol.. lots of stop & searches..
met police / tsg being arseholes.
In London, they nicked the person who did a banner drop from a lamppost (took 12 of them to do it apparently). In Brum, the people who did that banner drop had their names taken so that the police can go and see if they did any damage to the big screen and nick them for it later if they did.. west mids police seem to be pretty sensible in comparison to the met..

 

[BigTom]

Trial at Southwark Crown Court not sitting after juror refuses to cross picket line #solidarity #j30

 

[ExtraRefined]

the scheme is regularly actuarially reviewed. the latest review was meant top be two years ago, but it seems to have been dropped as embarrassing (ie, its still in surplus). Results of the last review are around, here

Thanks

Just started having a look at that, this bit immediately caught my eye;

The notional investment returns shown in Tables D1 and D2 are based on a rate of 3.5% in excess of price inflation (the current rate of return under the SCAPE methodology). There are, however, no actual investments underlying the balance in the Account; in effect, the balance represents a liability of the Exchequer.

 

[frogwoman]

 

[IC3D]

Does anyone know if the striking plastic cops are marching.

 

[lighterthief]

Hmm, might need some help to interpret that document but doesn't it say that teachers contributed £14.2bn and their employer £33.1bn, and that as of 2004 the scheme was £3.3bn in the red? That looks like an employer subsidy to me (not saying it's wrong, only that it appears teachers own contributions are insufficient to cover their pension liabilities under the terms of the scheme).

Happy to stand corrected though.

 

[belboid]

yes, the employers pay in as well. which is rather common.

 

[ymu]

Oh yes.




Sorry, that was at juror refusing to cross the picket line. Very slow connection!

 

[spanglechick]

Hmm, might need some help to interpret that document but doesn't it say that teachers contributed £14.2bn and their employer £33.1bn, and that as of 2004 the scheme was £3.3bn in the red? That looks like an employer subsidy to me (not saying it's wrong, only that it appears teachers own contributions are insufficient to cover their pension liabilities under the terms of the scheme).

Happy to stand corrected though.

there was a renegotiation in 2007 to cover the shortfall. unions were involved and an agreed settlement was reached, without any recourse to strike action. there was evidence, and there was room for negotiation - the unions are reasonable.

 

[belboid]

the shortfall at the time (actually a projected shortfall, it was still in surplus at that moment) amounted to a massive 1%, covered by a very small %age increase in employee & employer payments

 

[lighterthief]

Teachers pensions are covered by the amount teachers pay in.

yes, the employers pay in as well. which is rather common.

So strictly speaking teacher's pensions are not covered by the amount teachers pay in but rely on contributions from their employer (which is presumably funded through taxation).

 

[belboid]

it is an agreed part of their salary, it is not topped up through general taxation.

 

[ExtraRefined]

So strictly speaking teacher's pensions are not covered by the amount teachers pay in but rely on contributions from their employer (which is presumably funded through taxation).

Not just that, but the account with the government in which the contributions are stored is credited with interest at 3.5% above inflation. That's about 8% this year, far more than any real pension scheme could realise, and represents a huge additional liability in addition to the employers contribution.

 

[redsquirrel]

Good man/woman

 

[lopsidedbunny]

So what's happening with the 4 o'clock demo?

 

[belboid]

Not just that, but the account with the government in which the contributions are stored is credited with interest at 3.5% above inflation. That's about 8% this year, far more than any real pension scheme could realise, and represents a huge additional liability in addition to the employers contribution.

Not true, various pension schemes have achieved just that. Funnily enough, the auditor appointed has, I think, a rather better knowledge of what is likely to be achieved than some tory boy off the internet.

 

[grit]

So what's happening with the 4 o'clock demo?

I dont know much but my girlfriend just sent me an IM that 3 large groups of police vans have sped by her office on the way to the bank of england FWIW

 

[treelover]

Sheffield saw the biggest industrial rally for many a year, lively and positive, banner drop from Coles was stopped immediately...

 

[lopsidedbunny]

there something going on in whitehall and the police are moving people along... I can't see anything...

 

[dynamicbaddog]

Just back from the London demo, well impressive turnout, I was on the Strand at the front watching it all go past - it must have taken well over a hour. As I left loads of protesters and police around Trafalgar Square still and radio has just announced that most of the roads round there are still closed off to traffic.

 

[Louis MacNeice]

Typical striker's mentality. "I'm alright, sod the poor git who actually pays my wages".

If it weren't for the public sector - including teachers - you wouldn't be able to earn wages; so perhaps a little more solidarity and humility might not go amiss.

Louis MacNeice