Quote Originally Posted by GoldStone View Post
Harold, well said.

In my smallish circle of friends, neighbours and co-workers, I know a dozen or so people who left private jobs to join federal government. I don't know a single person who moved in the opposite direction. It's a one way street. Can you explain that?
This has to be the single most ludicrous thing I've ever read on this forum. I personally went from Gov't to Private as the pay and benefits weren't even close to comparable to what I was offered in the private sector. I also know of many running from Gov't service for this exact reason. The Gov't is very advantageous for those in lower level positions, but those are the top are taking a massive hit (particularly in finance and engineering).

Another rarely mentioned fact, in 1999 the Gov't removed (and is still being sued) $30 BILLION from the Federal Superannuation (Pension) Fund. To the individual talking about our current deficits, please take note.

Finally, in the same legislation passed to reduce the benefits of MP pensions, there was also a hit to Public Servants. Contributions up to 50% from 35% (which I agree with), and eliminating the ability for someone to retire at 55 based on years of service (this is being bumped to 65 I believe). Do the math for the benefits of a DB pension payment from 65 to the average life expectancy, it is nowehere near being the "golden ticket" the media would have you believe.