Public Sector Pensions
Today’s public sector strikes
Public sector workers are out on strike again today but in much smaller numbers. The unions taking part today are the Public and Commercial Services Union (PCS), the largest civil service trade union; Unite, representing NHS workers, Ministry of Defence firefighters and others; the University and College Union; the Immigration Services Union; Rail, Maritime and [...] Read the rest of this entry »
Misleading Unison response to our report on council pension deficits
Unison make three points in response to our report this morning on the black hole in council pensions. They pretend that there is something wrong with us “comparing liabilities to assets”; try to play down the cost to taxpayers; and cite the same misleading ‘average’ public sector pensions figure they always cite when the high [...] Read the rest of this entry »
Misleading Unison response to our report on council pension deficits
Unison make three points in response to our report this morning on the black hole in council pensions. They pretend that there is something wrong with us “comparing liabilities to assets”; try to play down the cost to taxpayers; and cite the same misleading ‘average’ public sector pensions figure they always cite when the high [...] Read the rest of this entry »
COMMENT: Staring into the public sector pensions abyss
Writing for Public Service Europe, Emma Boon argues that the £54 billion deficit in local government pensions isn’t going away without reform of council pension funds. If you have ever worried about not paying your credit card off at the end of the month or lost some sleep over an overdraft, then spare a thought for the [...] Read the rest of this entry »
New Research: £54 billion black hole in council pension schemes revealed
Includes breakdown of every council’s pension deficit The TaxPayers’ Alliance (TPA) today reveals that councils across the UK had a combined pension deficit of £54 billion in 2010-11. The assets of all 101 local authority pension funds in the UK are dwarfed by their liabilities, creating a deficit which taxpayers are ultimately liable for. CLICK HERE TO READ THE [...] Read the rest of this entry »
Top cop receives pension payout and returns to the same job 24 hours later
Another week, another highly-paid public sector worker returns to work after supposedly retiring with a massive pension payout. John Geates, a police chief, has resumed his role as Director of the Scottish Police College in Fife just 24 hours after leaving with a £300,000 lump sum. Mr Geates (aged 49) will also be entitled to [...] Read the rest of this entry »
(Not quite) the whole story
The Treasury has recently published the Whole of Government accounts for 2010, which provide consolidated financial information for over 1,500 public sector organisations. This is the first time that such a detailed document has been put together and is a positive step towards greater transparency in how taxpayers’ money is spent. Perhaps the most worrying [...] Read the rest of this entry »
Today’s strike and pension myths
The strike today has been called the “largest coordinated action ever seen in the UK” by the Public and Commercial Services Union (PCS). The unions claim nearly 3 million public sector staff are not at work today, but the paltry number of strikers outside government department buildings in Westminster this morning doesn’t quite give you [...] Read the rest of this entry »
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