These are the world's best (and worst) pension systems

[chrisandsu]

10 minutes ago, wgdanson said:

Maximum UK pension is £168.60 per week, which is about Bht 26,500 per month. Retire comfortably?

I don’t live in Britain . Mines projected to be $3000 a month when/if I eventually get there . 

[wgdanson]

1 minute ago, chrisandsu said:

I don’t live in Britain . Mines projected to be $3000 a month when/if I eventually get there . 

Sorry, didn't read your post properly. $3000 = Nice one !

[el torro]

2 hours ago, kingdong said:

And when you pay your council tax in the uk a large chunk of it go,'es  towards propping up the gold plated pensions and early retirement payments given to cival  servants who retire at 50.

True to a certain extent - the most important point being "pensions and early retirement payments given to cival  servants who retire at 50."

 

Only those at the 'top of the tree' are allowed to do this.

 

44 minutes ago, Chomper Higgot said:

I see, trigger the spite and envy, you don’t have a good pension so nobody else should.

 

How about livable pensions for all, and seeing civil servants as working people rather than someone to envy.

 

You are being manipulated in the age old ‘divide and rule’. 

 

Incidentally, the reason why civil servants get good pensions is because it’s a means to combat corruption. If a civil servant is dismissed for corruption, criminal or gross misconduct they lose their pension.

 

The whole promotion, responsibility and accountability system within the civil service is designed to ensure civil servants don’t get any real power until they have so much skin in the game they dare not step out of line. You can thank Samuel Pepys for this.

 

"I see, trigger the spite and envy, you don’t have a good pension so nobody else should."

 

And this is where things went horribly wrong, as pension provisions for (lower paid) private and public employees have been continually reduced over the last few decades.

 

To make it even worse, far too many people assume that lower paid public service employees receive the same pension provisions as those at the 'top of the tree' in the govt. civil service.

[stigar]

15 minutes ago, ICELANDMAN said:

The disability pension is not to be bought with the old-age pension, when I would be for the old-age pension I assume that your pension will decrease a lot

Ur rigth.Get down to about 3400 US dollar.Anyway i can work beside my old-age pension and they dont cut anything.Many old people work and get their pension also.

[el torro]

1 hour ago, Thingamabob said:

And, as of next April, the UK government is abolishing the dependants' allowance. Tough times for many Brirish people.

Why?  Specifically in regard to 'the dependents allowance'?

[el torro]

52 minutes ago, ICELANDMAN said:

Many European country go for 70 now not only England, France excluded because yellow jackets ????????????

Precisely which European countries have a retirement of age of 70?

[Almer]

7 hours ago, sunnyboy2018 said:

The max UK state pension is about 7500k which is not enough to live off.

Your a little bit light on the figure, full Uk state pension is currently £8800,  683x13  next April should see another £400 pa for people resident in the Uk, people meeting the criteria such as limited savings etc can apply  for benefits in the region of 7000 per year, so whilst i agree the state pension at around £9k would leave you on bread and water but with  benefits plus your well planed private pensions it is possible to live ok especially if you spouse also enjoys a bit of pension, however being an expat and enjoying <deleted> all is a different matter altogether is it not chaps 

[madmen]

19 minutes ago, wgdanson said:

Maximum UK pension is £168.60 per week, which is about Bht 26,500 per month. Retire comfortably?

And I thought the oz pension @35k was bad , but that was last month and dropping 1k a month due to exchange.  How do POM's and Ozzie's survive on those pensions?

[SunsetT]

7 hours ago, sunnyboy2018 said:

The max UK state pension is about 7500k which is not enough to live off.

Pounds not THB!.....It is actually now £8791.28 p.a.

[Almer]

6 hours ago, worgeordie said:

I get the princely sum of 90 quid a week,good job

I don't have to live off it,just leave it in the UK,for

buying stuff I need there.

 

I expect Expats from other countries don't have

a freeze on their pensions while living abroad ?

regards worgeordie

 

You must have  been here a long  time or or didn't have qualifying years 

[Mansell]

All those taking the USA pension early are shortchanging themselves. If you wait to 70 you get the maximum at that time as it doesn’t increase after 70. Up to you.

[Isaanbiker]

The German pension was great many years ago.

 

But now you've got to work until you're 67 and you might have less than those who live off the taxpayers.

 

  Thanks to Mrs. Merkel for destroying other people's' lives.  

 

 

[worgeordie]

25 minutes ago, Almer said:

You must have  been here a long  time or or didn't have qualifying years 

Self employed all my working life, retired at 42 ,that might have something

to do with it.

regards Worgeordie

[Almer]

3 minutes ago, worgeordie said:

Self employed all my working life, retired at 42 ,that might have something

to do with it.

regards Worgeordie

Yep that would be it

[ThomasThBKK]

11 minutes ago, worgeordie said:

Self employed all my working life, retired at 42 ,that might have something

to do with it.

regards Worgeordie

 

Same basically, never paid a cent in the public pension system, best decision ever.... and no regrets so far.

All the public pension systems seem to be a big net negative, you always pay much more in then you can ever get out

[pegman]

42 minutes ago, Mansell said:

All those taking the USA pension early are shortchanging themselves. If you wait to 70 you get the maximum at that time as it doesn’t increase after 70. Up to you.

They drop dead at 71 how much did they short change themselves then? Even worse at 68.

[DavisH]

7 hours ago, PatOngo said:

Well that's dashed my dreams of the wife supporting me in retirement! ????

Only civil servants here get a government pension. My wife will get abotu 53K a month in a few years when she retires....and yes she will be supporting me...already does! 555

[DavisH]

1 hour ago, madmen said:

And I thought the oz pension @35k was bad , but that was last month and dropping 1k a month due to exchange.  How do POM's and Ozzie's survive on those pensions?

One can live off 35K a month...it won't be lavish though. I won't even be getting a pension, so have to pay into my own fund yearly+ some small investments. 

[edwinchester]

4 hours ago, chrisandsu said:

It’s as ridiculous as being in the EU and having the lowest pension Out of all the major states while making the highest payments into the EU fund . Who would believe how stupid that could sound right ? 

UK pensions have been underfunded by successive Govts for decades and has absolutely zero to do with being in the EU.

The EUs largest net contributor is Germany btw.

[Icedoctor]

Well I have a statepension from Danish Government ( been working as a teacher in Greenland ) app 4100 € monthly.

unfortunately my embassy declines to make an income letter so I am back in Europe, 

[sandyf]

2 hours ago, el torro said:

"Give over with the false information trying to make a point."

 

Perhaps you should follow your own advice, bearing in mind the last paragraph of your post?

In 2017 the state pension bill was £44 billion, now tell us brexit will not be well in excess of that figure.

[sandyf]

2 hours ago, sidgy said:

I don’t think it does rate as the worst state pension in the world, in fact according to the OP it ranks as the 14th best
Not saying it’s perfect but you cannot compare how good a state pension is on how much you receive at retirement unless you compare all data, eg how much have your contributions been compared to other countries, what age can it be taken, and most importantly,free medical care as this is a great expense and worry for many and only increases with age.


Sent from my iPhone using Thailand Forum - Thaivisa mobile app

What did the report say about some UK pensioners being deprived of a full pension on the basis of where they live?

Did they find this quite acceptable?

[LazySlipper]

9 hours ago, sunnyboy2018 said:

The max UK state pension is about 7500k which is not enough to live off.

You should try the Canadian pension which at 22bht to the dollar is about 35 000bht per month. Not enough to get a visa here, let alone live in Canada which has a ruthless winter. 

[pegman]

From Gov of Canada site:

 

"If you receive the average CPP payment, plus OAS, you will have $1,286.62 per month (in 2019 figures). That’s $15,439.44 per year, gross."

 

If you worked in Canada you receive 2 gov pensions plus a supplement that is means tested. The Canada Pension Plan  eligibility starts at 60 years of age with a early penalty or 65 without penalty. Old Age Security starts at 65. I retired at 56 but kick myself for not going at 55. With my company pension it works out to just under $6k at 65 years old. 

[CLS]

 
The article is about state pensions...
 
 

That’s my guess too. That could explain why CH is not in the top 10.
We have 3 pension pillars. State, employer and private. The state max is CHF 28.440, the min 14220 per annum, if you have no payment gaps. Together with your employer‘s pension plan you should get at the age of 65 about 70% of your last salary.

[spiekerjozef]

What's the point on having a grade A pension when your government won't give you a penny before you turn 68 years old.....and 2 more years to live.

[pegman]

4 minutes ago, spiekerjozef said:

What's the point on having a grade A pension when your government won't give you a penny before you turn 68 years old.....and 2 more years to live.

Get a new gov. In Canada a Conservative gov raised the age of Old Age Pension to 67. The next Liberal gov put it back to 65. That gov just got re-elected.

[EVENKEEL]

3 hours ago, Mansell said:

All those taking the USA pension early are shortchanging themselves. If you wait to 70 you get the maximum at that time as it doesn’t increase after 70. Up to you.

That's right, up to me to take at age 62 and 2 mos. My insider info is not as good as your so I'll take my money when I can.

[bristolboy]

9 hours ago, Skallywag said:

Do not think $2300 a month is chump change.  Studies show that american private sector employees paid in over $3000 a month on average during our working years, so you would think that is what we would get in retirement.  Yet those of us who worked in the private sector are also funding pensions/social security for all "Government" workers.  The money they make and pay in is all from taxpayers, and then they retire AND receive pensions all funded by private sector tax payers.  Then you have all the Veterans receiving pensions AND social security that they paid into with "other peoples money"    Below is an interesting article related to this

$5.2 Trillion Of Government Pension Debt...2019

https://www.forbes.com/sites/chuckdevore/2019/05/31/5-2-trillion-of-government-pension-debt-threatens-to-overwhelm-state-budgets-taxpayers/#1bcd540e759d

Are you seriously suggesting that government workers aren't entitled to pensions because government revenues come from taxes?

[bristolboy]

6 hours ago, Baerboxer said:

 

Indeed. The way UK pensioners are treated is appalling.

 

But that nice socialist Mr. Kinnock gets around GBP 1.7 million pension per year; and Mr Corbyn gets over 1m I believe.

 

See it's not all bad news ????

What's your source for your highly inflated figures?

Kinnocks have six state pensions worth £185,000 per year, says think tank

Lord Kinnock and his wife, Glenys, have amassed six public sector pensions worth a total of £185,000 per year, according to a new analysis by a think tank.

https://www.telegraph.co.uk/news/politics/labour/5533081/Kinnocks-have-six-state-pensions-worth-185000-per-year-says-think-tank.html

Jeremy Corbyn publishes tax return, revealing total income of £114,342

https://www.theguardian.com/politics/2017/mar/05/jeremy-corbyn-publishes-tax-returns-revealing-total-income-of-114342