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You want the real truth?
Union membership is on thre decline, so unions must be seen to be active in favour of their members or even more people will think "why be in a union?"
The unions know the current public spending is unsustainable but you know they gotta rty and look good
if that's true, it suggests the average teacher's career is 6 years and they don't (on average) apply for any of the additional salery packages (such as AST, TLR, pay for excellent teachers, deputy/head teacher, etc etc).
By definition, those additions are not available to the majority. You're cherry picking again.
The maximum pay on the main payscale is £31,552, full time.
http://www.tda.gov.uk/get-into-teaching/salary/teaching-salary-scales.aspx
I think that teachers do a difficult and stressful job, for which they are just about adequately remunerated. Their pension is part of that remuneration.
By contrast, my wife teaches adults in the private sector and earns far more than that. She also gets 35 days holiday.
Sancho stop talking common sense. Seriously.
if hora is your ally in a talking sense competition retire from said conversation is probably better advice.
SO mark you at work then?
here is one of the places where you can dig up the gem - to be fair it is financed by members contributions but it is actually a notional fund rather than an actual fund
www.parliament.uk/briefing-papers/SN00405.pdf
Like most of the public service schemes, the Teachers’ Pension Scheme operates on a pay-as-you-go (PAYG) basis. 5 This means that employer and employee contributions are paid to the sponsoring government department, which pays out pension benefits, netting off the contributions received.
The Teachers’ Pension Scheme (TPS) is “notionally funded”. This means that periodic valuations are carried out as though there was a fund. Contributions are set on the basis of these valuations. Gerald Rhodes in his 1965 report, “Public Sector Pensions”, explains that notional funding as an arrangement was first developed for the Post Office (PO) scheme. The PO scheme had originally been part of the Civil Service scheme (a PAYG scheme). In order that the cost of pensions could be “fairly” represented in the PO accounts, it was decided to conform as nearly as possible to normal commercial practice and to assess what the position would have been had the scheme been funded.6
The TPS was set up in the 1920s as a notional fund because it was decided that a real fund would be too expensive:
The pension fund for teachers was set up in the 1920s. It was established as a notional fund to which teachers and their employers were required to contribute prescribed amounts towards the costs of pensions. Notional funding was preferred to real funding because the setting up of a real fund was considered too expensive at the time (though real funds were retained for other local government employees and for universities). Before that teachers’ pensions were paid on a non-contributory basis similar to civil servants.7
The TPS regulations require an account to be maintained, known as the Teachers’ Pension Account, to which contributions from members and employers are credited and from which expenditure on benefits is debited. A notional investment income is assumed on the balance in the account. However, contributions from members and employers are paid to the Exchequer, and the Exchequer effectively meets the cost of all benefits.8
A Working Group set up in 1997 looked at the funding basis and decided that no fundamental change. A change to a funded scheme, it said, would involve significantly higher costs for a period of almost fifty years:
I suppose we could argue the toss but payments are based on a "fund" even though the fund is not real but it has accounts. so we could both argue the case - probably fair to say I overstated the case but their payments are based on what they have paid into the "fund"
TJ if a lot of teachers retire early and a lot of new teachers dont take up the pensions will all the other teachers rally round and "top-up" the shortfall.
legally any shortfall has to be met by members rather than employers contributions so they either will or it will collapse
My other half is a teacher, so I know how much time is spent marking/lesson planning. Most teachers average about 4 hours/day on lessons, so it seems spending 5 doing other activities would pretty much bring them up with the average private sector worker?
yes that's the great thing I found about lessons they just plan themselves and the resources just magically appear on your desk as the bell goes and the homework just before it ends. Obviously we never went to meetings either
Whats the Labour Party view on this?
"Whats the Labour Party view on this? "
They're not supporting the strike. If you could find out exactly what they are in favour of, could you let me know, as I'm at a complete loss.
If you could find out exactly what [s]they[/s] we are in favour of, could you let me know, as I'm at a complete loss.
You are Ed Miliband and I claim my £5.