Fair Pensions For Teachers Fair Pensions For ALL The cost of gold-plated public sector pensions has

been revealed by government c alculations that show a typical teacher can expect to retire with a taxpayer-fun ded scheme worth more than 500,000. The calculations show that a mid-ranking teacher on 32,000 a year will receive a final salary pension that is the equivalent of having built up a 500,000 pension pot. ? Private sector workers would have to save more than 20 per cent of their salarie s for 40 years more than 500 a month for a similarly paid person to amass the sam e amount in a defined contribution pension. A London headmaster will typically retire with a pension scheme worth 1.5 million , subsidised by the taxpayer. A chief constable who normally retires at 55 would have a scheme worth more than 3million, subsidised by the taxpayer. http://www.telegraph.co.uk/news/politics/8607277/Public-sector-strike-500000-pen sion-pot-of-striking-teachers-revealed.html **************************************** TWITTER Pension Pot Calculator How much do you need to save for a good pension ? ******************************************** http://www.lse.co.uk/financeTools/pension-pot-calculator.asp ******************************************** http://www.thisismoney.co.uk/money/pensions/article-1633402/Pension-pot-calculat or-How-need-save-retirement.html