Pension pot projections proposed

by isleofman.com 14th November 2014

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A combination of a pay freeze and the fact less staff are now contributing are the main reasons why government’s workforce could face a rise in pension contributions.
So says the Chief Minister after a report on public sector pensions recommended a further increase in contributions.
That includes proposals Tynwald members pay a 15 per cent hike to retain their present benefits.
Allan Bell says there is now less money coming into the pot.
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Posted by isleofman.com

Friday 14th, November 2014 12:35pm.

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