Jump to content

Promenade - Megathread


Recommended Posts

  • Replies 4.2k
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Popular Posts

I've explained this before Derek. From a friend working for a firm who is responsible for lots of services  , not Auldyn etc , while they had a concept plan from day one ie what the finished job would

It's not Harmer's direct fault. Nor any of those we elect. APART from not having the departmental and relevant experience and balls to stand up to and question the reams of bullshitters and chanc

But the problem isn't the horse trams.  It's the corporate culture of the Manx civil service.  Rather than accept the reality of what their main job is, which is maintain existing structures in the mo

Posted Images

33 minutes ago, Happier diner said:

I don't think so. The fund grows as the number of contributors goes up. Staff make bigger % contributions. It's still in deficit but that's not an issue unless everyone retired in the next couple of years. Pension schemes work this way. It's still a concern but if government keep increasing contributions and reducing benefits it will eventually level out. That's the theory anyway. 

If you are talking about gov pensions there is no fund, its unfunded. Current pensions are paid from current payments from current staff and the shortfall is made up by general taxation money. The make up bit from general tax  is going to get bigger and bigger every year is what I understand.

  • Like 1
Link to post
Share on other sites
15 hours ago, Boris Johnson said:

If you are talking about gov pensions there is no fund, its unfunded. Current pensions are paid from current payments from current staff and the shortfall is made up by general taxation money. The make up bit from general tax  is going to get bigger and bigger every year is what I understand.

I honestly don't think that's correct but I stand to be corrected. This information must be available somewhere

Link to post
Share on other sites

With thanks to @The Teapot for originally posting, left column, para 4 tells lots.

Bearing in mind that those "employee contributions" also come from Govt because they're coming from Govt payroll.

EuXIJFeWgAUR91C.png

Link to post
Share on other sites
5 minutes ago, Happier diner said:

I honestly don't think that's correct but I stand to be corrected. This information must be available somewhere

It is correct and has been discussed on here loads, including when Chris Thomas was still posting here. In any other situation it would be described as a ponzi scheme, where you constantly need to sign up new members to pay out the old.

  • Like 3
Link to post
Share on other sites
1 minute ago, TheTeapot said:

It is correct and has been discussed on here loads, including when Chris Thomas was still posting here. In any other situation it would be described as a ponzi scheme, where you constantly need to sign up new members to pay out the old.

 

3 minutes ago, Non-Believer said:

With thanks to @The Teapot for originally posting, left column, para 4 tells lots.

Bearing in mind that those "employee contributions" also come from Govt because they're coming from Govt payroll.

EuXIJFeWgAUR91C.png

There it is. I stand corrected

Link to post
Share on other sites

It probably wasn’t to much fun demolishing the new concrete block walls they have just built in front of the Sefton, on the plus side  the rain kept the dust down and few spectators/ taxpayers to witness another got it wrong again dad moment.

Link to post
Share on other sites
1 hour ago, Wordsworth said:

It probably wasn’t to much fun demolishing the new concrete block walls they have just built in front of the Sefton, on the plus side  the rain kept the dust down and few spectators/ taxpayers to witness another got it wrong again dad moment.

These are major cock ups tbh. Not sure how there making so many but clearly something is very wrong with management and supervision down there . I know around there some of the kerbs are wrong level also .

Link to post
Share on other sites
8 hours ago, TheTeapot said:

It is correct and has been discussed on here loads, including when Chris Thomas was still posting here. In any other situation it would be described as a ponzi scheme, where you constantly need to sign up new members to pay out the old.

It’s exactly the same in UK although I think one of Channel Islands does have a fund but not sure which one.

The only government owned entities with actual pensions funds are the post office and steam packet 

Edited by Banker
Link to post
Share on other sites
2 minutes ago, Banker said:

It’s exactly the same in UK although I think one of Channel Islands does have a fund but not sure which one.

The only government owned entities with actual pensions funds are the post office and steam packet 

Think Police have there own as now again do the Fire service . 

Link to post
Share on other sites
1 minute ago, Numbnuts said:

Think Police have there own as now again do the Fire service . 

I thought they were all amalgamated under G.U.S.? I know the MEA/Water Authority schemes were absorbed because I know a couple of guys in there...they both reckon that the MEA/Water schemes were screwed over on amalgamation because their schemes were adequately funded; unlike what they were being sucked into.

Link to post
Share on other sites
11 minutes ago, Banker said:

I think they were rolled in to GUS and presumably into general funding!

Didnt they try that with Fire service in UK too and they took it tonthe High Court and won so they retained there independance pension wise . I will check with a Police friend on theres. For sure they pay in around 13% I believe   

Edited by Numbnuts
Link to post
Share on other sites
4 hours ago, Numbnuts said:

These are major cock ups tbh. Not sure how there making so many but clearly something is very wrong with management and supervision down there . I know around there some of the kerbs are wrong level also .

I noticed today that they were also lifting the blocks on the crossing by Senna Slip as a large number had moved under the weight of traffic. No idea if they will rethink this or just put them back down, as they were.

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    No registered users viewing this page.


×
×
  • Create New...