Tuesday, April 5, 2011

Government to simplify National Pension scheme

This is all well and good. However, what they haven't spelled out, is the increase in cost to about 10,000,000 people!!!
Someone on Stg 25,000 a year may have to pay an extra Stg 300 a year in contributions.
These are basically Government staff.
Now we all know what a cushy life they have.
However, think of that fact that the austerity package has cost them something like 3-5,000 a year (my estimate and not the official one) and now this.
It will be hard to think the Unions will allow this!!
So expect strikes to occur

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