{"id":22999,"date":"2016-08-16T00:42:57","date_gmt":"2016-08-15T17:42:57","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/future-pensions-fall-contradicts-intergenerational-foundation-report-letters\/"},"modified":"2016-08-16T00:49:54","modified_gmt":"2016-08-15T17:49:54","slug":"future-pensions-fall-contradicts-intergenerational-foundation-report-letters","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/future-pensions-fall-contradicts-intergenerational-foundation-report-letters\/","title":{"rendered":"Future pensions fall contradicts Intergenerational Foundation report | Letters"},"content":{"rendered":"


\nWhatever the merits of the other conclusions drawn by the Intergenerational Foundation in its report on the balance between generations, they are completely incorrect to assert that public sector pensions are \u201coverwhelming young people\u2019s prospects\u201d (Report, 15 August). The latest long-term projections from the Office for Budget Responsibility show that the cost of public sector pensions is projected to fall consistently in the future as a result of recent reforms to the schemes. The estimated cost of the main public sector schemes in 2014-15 was 2.1% of GDP and this is forecast to fall to 1.5% of GDP in 2044-45 and 1.2% in 2054-55; these schemes are becoming more affordable not more of a burden.Neil WalshPension officer, Prospect trade union\u2022 Join the debate \u2013 email guardian.letters@theguardian.com Continue reading…
\n
\nSource : theguardian.com
\nRead more…Future pensions fall contradicts Intergenerational Foundation report | Letters<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Whatever the merits of the other conclusions drawn by the Intergenerational Foundation in its report...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-22999","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-5YX","jetpack-related-posts":[{"id":22871,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/younger-generation-in-uk-face-overwhelming-pensions-bill-says-report\/","url_meta":{"origin":22999,"position":0},"title":"Younger generation in UK face overwhelming pensions bill, says report","date":"August 15, 2016","format":false,"excerpt":"\r Rebalancing between generations needed to ease burden of spending pledges for older people in Britain, says thinktankOlder people have saddled the younger generation with an excessive bill for state pensions while grabbing an ever-greater share of NHS spending, according to a report that calls for intergenerational rebalancing.The report from\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61432,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-government-has-got-it-wrong-on-pensions-letters\/","url_meta":{"origin":22999,"position":1},"title":"The government has got it wrong on pensions | Letters","date":"July 22, 2017","format":false,"excerpt":"\r Readers discuss Philip Hammond\u2019s claim that public sector pensions are generous and the decision to bring forward the raising of the state pension ageThe chancellor of the exchequer recently pointed out that public sector pay was superior to private sector pay because of the occupational pension accruing to long-time\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":136128,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-observer-view-on-generational-inequality-the-redistribution-of-wealth-requires-political-nerve-observer-editorial\/","url_meta":{"origin":22999,"position":2},"title":"The Observer view on generational inequality: the redistribution of wealth requires political nerve | Observer editorial","date":"April 30, 2023","format":false,"excerpt":"\r It\u2019s time for baby boomers to share their spoils with the young, or else trouble lies aheadThe promise that living in an affluent society with a healthy economy holds out is that successive generations will enjoy ever-greater opportunities. But in the UK that intergenerational covenant is under threat, thanks\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5328,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/widows-and-widowers-pensions-could-be-axed-under-new-proposals\/","url_meta":{"origin":22999,"position":3},"title":"Widows and widowers' pensions could be axed under new proposals","date":"November 10, 2013","format":false,"excerpt":"\r Pension for surviving spouse and inflation linking threatened under plan to make final salary schemes affordableWidows and widowers could lose their entitlement to payouts from their spouse's workplace pension under proposals outlined by the government to make final salary schemes more affordable for employers.Firms have been closing final salary\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":78083,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/carillion-greed-hits-other-companies-pensions-letters\/","url_meta":{"origin":22999,"position":4},"title":"Carillion greed hits other companies\u2019 pensions | Letters","date":"January 26, 2018","format":false,"excerpt":"\r The Pension Protection Fund receives its money by levies on other pension funds, writes Peter BrownThe collapse of Carillion and the payout of \u00a3900m from the Pension Protection Fund will not be a \u201chit to the public purse\u201d (Report, 25\u00a0January). The PPF receives its money by levies on other\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21991,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-interest-rate-cut-is-a-hammer-blow-for-workplace-pensions\/","url_meta":{"origin":22999,"position":5},"title":"UK interest rate cut is a 'hammer blow' for workplace pensions","date":"August 4, 2016","format":false,"excerpt":"\r Pension payouts could fall to record lows as companies see cost of maintaining final salary schemes soarPension savers could be big losers from the Bank of England rate cut, as critics warned of a \u201chammer blow\u201d to workplace schemes and forecast that pension payouts would fall to record lows.Within\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/22999"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=22999"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/22999\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=22999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=22999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=22999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}