£200M wiped from Kent pension funds should we worry?
This week's frontpage story in the 'Kent on Sunday' newspaper, concerns itself with worries over stock market falls, which have temporarily reduced the value of the Kent county's pension funds.
Another frequent story that is regularly, in our newspapers is how many people do not make provision for their future, I just wonder whether the two are related. Most public employees are well paid and in addition they have secure jobs with pension benefits which are unobtainable in the normal commercial world.
I honestly wonder, whether it isn't time that the conservative party, reviewed this nonsense whereby those employed in the commercial sector, have to pay a disproportionate amount of their taxes to featherbed vast numbers of public employees, who have unparalleled job security, surely it cannot be right for someone like me, whose job is with an employment agency (meaning your employed on a daily basis), to subsidise vast pensions for fat cats in Kent's bureaucracy or even for that matter those on good pay such as police.
Perhaps the labour party could bring up the level of basic state pension, for those like me who paid considerable amounts of taxation and therefore are being gradually impoverished, by those in undemanding public sector employment.
Anyway maybe we should worry about the value of Kent's pension funds being eroded since who's gonna be making up the shortfall, I'm fairly sure it won't be Kent's employees, I'll just have to dig deeper I suppose into my own income.
Perhaps one day, politicians will wake up to the fact that the public sector is becoming unsustainable, I think if the public delve into where their money's going, they would find that perhaps upwards of a third of their tax is paying for someone else's pension.