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Bbc's Secret Pension Pot

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FAT CAT BBC director general Mark Thompson and his executive directors are pocketing cash from a “secret pension pot” while asking staff to accept cuts in their own retirement packages.

<P class=storycopy itxtvisited="1">A multi-million-pound “pension slush fund” allows Thompson and eight executive board members the cash but the rest of the workers are excluded. <BR itxtvisited="1">

The revelation will infuriate the BBC’s 19,000 staff asked by Thompson this week to accept a one per cent cap on their much smaller pensions.

Staff are to be balloted for industrial action over the cap and there is a real prospect of strike action.

The BBC said the changes were essential to tackle the ballooning ­deficit in the pension scheme, now estimated at £2billion, compared with £470million two years ago.

Now the Sunday Express can expose how the board receives top-ups to get round the caps for the rest of the staff.

It is well known Thompson earns £831,000 but what was not known until today is that £163,000 is a pension perk listed in accounts as “other remuneration”. In addition to the executive board 30 other senior executives receive the “other remuneration”.

The top-up was introduced after a Government-imposed pensions cap in 1989. While other companies opted out of the cap in 2005 the BBC introduced a variety of top-up options for staff earning above the current £123,600 cap.

Last night union officials, senior broadcasters and politicians accused the BBC of operating one rule for the elite and another for everyone else. “It is a secret pension slush fund for the BBC’s most highly paid executives,” said Gerry Morrissey, general secretary of media union Bectu.

“At a time when people are being told ‘your pension is being reduced’ it is clearly not acceptable for executive managers to be given a top-up on their salary which they can then spend on private pensions.”

Tory MP Philip Davies, a member of the culture, media and sport select committee, said: “There should be no way there is a pension cap and then a bonus scheme for the top earners.”

David Elstein, former chief executive of Channel 5, added: “Top management was always compensated for not being able to take full ­advantage of the pension provisions, usually through bonus payments.

“The latest proposal to reduce the employer contribution to a deemed one per cent, irrespective of actual payment, is a massive alteration seemingly designed to induce people to leave the final salary scheme.

“All the long-serving senior management figures will be unaffected, with pension pots of over £3.5million for the longest serving, which have been inflated by rampant salary increases and the super-generous employer contribution scheme.”

Former MP Ann Widdecombe added: “If there is a pension cap there should not be a get-out for high earners.”

Staff recruited before May 31, 1989, are not subject to the £123,600 limit. So deputy director general Mark Byford’s £475,000 salary is expected to give him a £400,000 pension, one of the biggest in the public sector.

Thompson, who left the BBC in 2002 to head Channel 4 before rejoining in 2004, heads the top-up league table on £163,000.

He is followed by Jana Bennett, BBC Vision director, on £87,000 (salary £415,000); Tim Davie, audio music director, £72,000 (£365,000); chief financial officer Zarin Patel £68,000 (£352,000); chief operating officer Caroline Thomson £63,000 (£335,000); Erik Huggers, future media director, £62,000 (£330,000); marketing director Sharon Baylay £51,000 (£281,000); personnel director Lucy Adams £49,000 (£267,000); and BBC North director Peter Salmon £31,000 (£156,000).

Between 2005 and 2009 Thompson presided over unprecedented job cuts totalling 7,200 employees.

Culture secretary Jeremy Hunt has said that the BBC has been responsible for “extraordinary and outrageous” waste in recent years and must change “huge numbers” of things.

A BBC spokesman said: “Under the current proposals, future salary rises for pension purposes for every individual, including executive board members, will be capped at a ­maximum increase of one per cent a year.”

http://www.dailyexpress.co.uk/posts/view/189027

Future salary rises for pension purposes capped at 1% - but what about an "other renumeration" cap? The previous pension cap hasn't really worked has it?

What's the % split on our licence fee between fat cat excesses and program funding?

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Future salary rises for pension purposes capped at 1% - but what about an "other renumeration" cap? The previous pension cap hasn't really worked has it?

What's the % split on our licence fee between fat cat excesses and program funding?

...have a feeling Pravda UK's days are numbered..... :rolleyes:

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I really hope the Coalition throw this lot of money grabbers to the wolves. Shut down the BBC subsidies and let free market forces set their wage levels. There should be no licence fee at all.

Agreed. Like all other licenses, a significant portion of the money is lost in the collection process.

It's the 21st century. Pretty much everyone who can get a digital TV signal can also get broadband. The concept of TV channels is obsolete. Just run everything pay-per-view, a few pence a time, with just the news free, funded by general taxation.

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What's the difference between a "slush fund" and "embezzlement"?

If an employer instigates a salary limit or pension cap and an employee syphons money into a fund to get around the limit or cap, is that stealing?

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I thought it was standard practice to cash in your pension once you had actually retired.

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...have a feeling Pravda UK's days are numbered..... :rolleyes:

Qu ite, as the head of a socialist propaganda broadcasting shouldnt brother Thompson share his good fortune with those down the line (as if !!), also by the way did you know that management soaks up more of your licence fee than ever before with less spent on actually making the show! This is endemic in the industry and the techs are leaving for more steady but regular employment after getting sick and tired of competing with Producers and firsts employing college leavers for little or NO money..........muppets ! ie cameraman 34yrs old and still getting trainee jobs ! sound engineers working 1mth from 6 get real,These people (Thompson et al) must be descendants of the founders of the dark satanic mills , the first thing a producer or first assistant will say is we havent got any money even from the BBC and then you look at their last show ...........oh sold to 5 or so countries W####rs, the problem is to get back on subject that the meedja has been populated by baby boomer so called nimby socialists (all wealthy and meaning to stay that way thanks Jack) much like NU LAB and now the musics stopped and the proles dont want to play till they are 70 so fat cats can, after a lifetime of lording it over us the great unwashed (or civillians as they like to call us) sit on there fat asses in some country pile looking back on a lifetime of circle jerk smugness (think these are the idiots that gave Jonathan smug unfunny twit a job) and spout on ad nauseum about their great social works (that we paid them very generously to do). Wake up themedia and the BBC especially is not your friend it is a govt tool, BRAVO at least is honest crap ! If you can find it look for a transcript of the PD James interview with Mark Thompon from last december (she is an ex BBC govenor 1988/93) she wiped the floor with him. I apologise if the link doesnt work, youtube is a good source. <object width="480" height="385"><param name="movie" value="

name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="
type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="385"></embed></object> Edited by mrmagooisagovteconomist

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Guest sillybear2

Thieving c**ts, makes their daily dose of logic defying lefty propaganda even more sickening.

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longest serving and greedy that is.

...while programme quality deteriorates ....and the licence revenue is focused on paying for the gold plated pensions....it's like the last days of a broken empire with those at the top stuffing their pockets as they run for the exits.... :rolleyes:

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I'm happy to pay for the BBC.

Eastenders is a quality show, and the One Show is groundbreaking with its entertaining guests and humour.

On another note, Radios 2 and 4 are very good, but the fee they ask doesn't justify the enjoyment I derive from Women's Hour.

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I'm happy to pay for the BBC.

Eastenders is a quality show, and the One Show is groundbreaking with its entertaining guests and humour.

On another note, Radios 2 and 4 are very good, but the fee they ask doesn't justify the enjoyment I derive from Women's Hour.

...paying for the BBC should not be an extortion racket to pay people who do not deserve it incomes and pensions many multiples ahead of the Prime Minister in what is a public sector company ....Eastenders has been around for at least the last 20 years while the Radios 2 and 4 have been there since the late 60's / early 70's ...in fact 2 was probably the old 'light' programme while 4 was the base BBC radio going back to the beginning of broadcasting ....the One Show is a remake of 'Tonight' which featured a guy called Cliff Michelmore and others from the 50's around the same time of evening... :rolleyes:

Edited by South Lorne

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...paying for the BBC should not be an extortion racket to pay people who do not deserve it incomes and pensions many multiples ahead of the Prime Minister in what is a public sector company ....Eastenders has been around for at least the last 20 years while the Radios 2 and 4 have been there since the late 60's / early 70's ...in fact 2 was probably the old 'light' programme while 4 was the base BBC radio going back to the beginning of broadcasting ....the One Show is a remake of 'Tonight' which featured a guy called Cliff Michelmore and others from the 50's around the same time of evening... :rolleyes:

I know.

I was taking the piss.

BBC1/2 produces little that appeals to me. MOTD and the odd programme appeal; tonight's Sherlock H was pretty good, and the odd nature thing. Early Doors from 04/05, too was very good - probably the best they have put out IMO

Their strength is that they are less crap than ITV.

Still not worth the cash, though. I'd opt out if it was an option.

Edited by pie-eater

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...have a feeling Pravda UK's days are numbered..... :rolleyes:

Was watching Mock The Week, the other night. The 'comedians' on there, with the absence of Frankie Boyle and I'd probably exclude Hugh Dennis from this criticism as well, seem to now only be capable of indulging in left-wing 'alternative' rants of the variety popularised by Ben Elton et al. As standalone comedy it's got little merit and Dara O'Brain seems to do nothing to moderate it.

The whole thing felt like they all thought they were having a really clever pop at the government, with national popular support but, in reality writing the government an invitation to take an axe to the BBC. I suspect, they've either misjudged or are seriously out of step with the national mood.

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Still not worth the cash, though. I'd opt out if it was an option.

Of course there is an option, just unplug the aerial and stop paying. It will be a year in August when I did this. Dont miss it in the slightest.

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I would happily pay the license fee to watch iplayer in Singapore but they block it with no option to pay for it , seems silly to me .....

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I would happily pay the license fee to watch iplayer in Singapore but they block it with no option to pay for it , seems silly to me .....

Use a UK proxy. It funnels your ip through a different address so it looks like you are connecting from the UK. Hide My Ass has reliable fast proxy addresses which can be accesses for about $11 a Month.

Terrible Journalism in the Telegraph today

He added: "We are not goint to introduce a PC licence fee. That is something I do need to have discussions with the BBC to see what their ideas are."

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