The broad outline of a plan for a national pensions savings scheme was finally published by the government yesterday - but some crucial decisions were deferred to the body that will be responsible for delivering it.
The package could see up to 10m people putting savings worth £4bn to £5bn a year into a new system of personal accounts, starting in 2012. The precise design, however, will be determined by a new authority that will initially advise on, and then construct, the new system.
The saving scheme will see employees automatically enrolled, with employers required to put in a minimum 3 per cent contribution on earnings between £5,000 and £33,500 a year if the employee opts to stay in. Employees will contribute a minimum 4 per cent and the taxpayer 1 per cent.
Um, excuse me: don't we already have a compulsory pension plan? It's called National Insurance.
Initially, the most important contributory benefits were the State Retirement Pension and Unemployment Benefit.
You hideous bunch of politico cunts: you already rape us for 11% of our cash, and then you rape our employers for another 11%: so where the fuck is my pension?
Why don't you fucking arseholes just admit that you have taken our money under false pretences and, instead of investing it in order to deliver the benefits that were promised, you have pissed it up the fucking wall? Why don't you admit that government after government has defrauded the general public by stealing their money and failing to deliver the promised benefits? If a private company did this there would be howls of protest and a cry for ever more regulation, harsher punishments, stiffer penalties.
Let us leave aside the galling fact of the politicians' extraordinarily generous pension scheme (funded, underwritten and guaranteed by the MPs' grip on our money) and look at these stark facts: since 1911, the government has taken a proportion of our income (a proportion which now stands at 11% and which employers are forced to match) and promised to deliver a state pension and unemployment benefit.
Having taken the money and spent it on their own pet projects, these mendacious bastards are now demanding that we donate another 3% or our income (which, again, employers will have to match, helping to drive down job availability) and that "the taxpayer", i.e. us again, will have to donate yet another 1% to a compulsory pension fund; and, having defrauded us and lied to us for decades, they expect us to believe that the money will actually be spent on pensions and not squandered in the same way as they have done with our NICs.
Do you believe these cunts?