Advertisement

Pension issue must be addressed - Brown

by isleofman.com 16th January 2009
The chief minister is vowing that government will do the best it can for the people it employs when it comes to pensions.

Tony Brown says it's vital that anyone affected by potential changes to the current schemes has a say in the proposals.

A three month consultation will begin early next month on recommendations to unify the 15 different arrangements which operate at present into a single, final salary scheme.

Mr Brown (pictured) says government has a responsibility to react to a potential crisis in public service pension provision.

And he believes that with the threat of increased taxes, and job and spending cuts if the matter is ignored, now is the right time to address what could otherwise become a major problem.

He told Manx Radio:

"We can't hide from it because we have to fund from tax income and other incomes government receives.

"We have to fund wages, pensions, services and everything, so we can't ignore it.

"Our responsibility as publicly elected representatives and as the government of the Isle of Man is to the tax payer and to the populus in general, so what we have to do is consider all the factors that come before us.

"It would be very easy for us just to ignore this factor, but somebody, somewhere else would have to pick it up."
Posted by isleofman.com
Friday 16th, January 2009 07:56pm.

Popular Articles

Upcoming Events

Nobles Parkrun

A free, fun, and friendly weekly 5k community event in Nobles Park.  Walk, jog, run, volunteer or spectate...
24 May

Bridge Club

Monday is Bridge Day at the Onchan Pensioner's Social Club   We have two bridge clubs that meet on a weekly...
26 May
View More
Advertisement

You also might be interested in

Stephen Savage joins Quinn Legal’s Corporate and Commercial legal team.

Business

When the clocks sprung forward we lost another precious hour of sleep

Health & Wellness

The GFoGE guide to obstacle races & why should you do one.

Sports & Leisure

Why not take a "Wallaby" walk in the Curragh?

Nature & Wildlife

Hop-tu-Naa is an ancient festival celebrated on the Isle of Man

Visitor Guide

The Isle of Man hosts many traditional ceremonies throughout the year

Visitor Guide