tag:blogger.com,1999:blog-5001867295510218749.post8644160722014400306..comments2024-03-20T16:05:23.293+00:00Comments on The Cynical Tendency: The History MenDemetriushttp://www.blogger.com/profile/17198549581667363991noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5001867295510218749.post-61651443561686518972012-12-30T20:19:38.207+00:002012-12-30T20:19:38.207+00:00Unfortunately Phil all the excess payments were us...Unfortunately Phil all the excess payments were used by the governments of the day to fund their own shortcomings.So we paid for other peoples benefits,health etc.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5001867295510218749.post-22991157106913918552011-11-29T09:24:07.579+00:002011-11-29T09:24:07.579+00:00An unfunded pension scheme is a ponzi scheme, whic...An unfunded pension scheme is a ponzi scheme, which is illegal in the private sector. All governments who allowed unfunded schemes in the the NHS, the armed forces, teachers, as well as partially funded schemes like the Local Government Pension Scheme, are guilty of deliberately leaving this developing mess, in the most irresponsible manner.<br /><br />I'm interested to know what happened to the contributions at the START of these schemes - those contributions that should have been invested. At that point in time, the schemes cannot have had significant outgoings, so where did all that money go?<br /><br />We either need our politicians, of all parties, to be more intelligent, or more honest.Philhttps://www.blogger.com/profile/17633927931205213063noreply@blogger.comtag:blogger.com,1999:blog-5001867295510218749.post-54679878169572375132011-05-03T09:41:09.908+01:002011-05-03T09:41:09.908+01:00Interesting post. I have personal experience of th...Interesting post. I have personal experience of this problem and find it difficult to understand why so many public sector pensions are not based on a fund. The fact that many public sector pensions do have a pension fund makes it even more difficult to understand why they never became universal.A K Haarthttps://www.blogger.com/profile/05897490979828603179noreply@blogger.com