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Bloated Euro Pensions Just Got Bloater

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http://www.telegraph.co.uk/news/worldnews/europe/eu/8471179/Britain-faces-170m-EU-pension-bill.html

The cost of EU pensions is rising four per cent, or £50.5 million in 2012, to take the cost of funding retirement for EU civil servants to £1.2billion. Inflation in the EU is 2.6 per cent.

British ministers are concerned about the growing "burden" of EU pensions.

"Governments across Europe have taken significant actions to reduce the costs of their public sector and making commitments to undertake fundamental reviews of staff pension schemes," said a British spokesman. "Pay and pensions in EU institutions must reflect the very difficult decisions which are being made right across Europe."

The latest pension bill is contained within the 2012 Brussels budget, which demands a 4.9 per cent increase and will take the average British family's EU contribution to £400.

Average annual pensions for the 19,083 retired officials benefiting from the scheme are £60,602. The highest ranking officials can expect £102,000. Ten per cent of officials are taking early retirement with full benefits. After a backlash from national governments, the EU has been forced to hold a review of its staff, but European Commission officials have insisted that the EU pensions system has "already been reformed".

Last month, the Government accepted proposals to switch British public sector pensions from a "final salary", such as the EU scheme, to a "career average" basis. The reforms are expected to cut payouts by 40 per cent, with EU-style pensions of £60,000 falling to about £35,000 for British civil servants.

This makes sense to me. The only purpose of the European Union is to take tax money from Governments of nation states, forcing a higher tax burden upon the working people of those states. So they appear to be doing their job better. What could provide worse value than an average £60 grand a year pension for an official who hasnt saved for his own retirement?

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http://www.telegraph.co.uk/news/worldnews/europe/eu/8471179/Britain-faces-170m-EU-pension-bill.html

This makes sense to me. The only purpose of the European Union is to take tax money from Governments of nation states, forcing a higher tax burden upon the working people of those states. So they appear to be doing their job better. What could provide worse value than an average £60 grand a year pension for an official who hasnt saved for his own retirement?

Welcome to the new class division; The Bureaucrats and The Proletariat

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Welcome to the new class division; The Bureaucrats and The Proletariat

The EU commission has its own schools for children of EU bureaucrats only. They are very well endowed from what I hear. The talk in Brussels is now of apartheid.

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The EU commission has its own schools for children of EU bureaucrats only. They are very well endowed from what I hear. The talk in Brussels is now of apartheid.

What, South Africa?

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The EU commission has its own schools for children of EU bureaucrats only. They are very well endowed from what I hear. The talk in Brussels is now of apartheid.

...like the BBC ...the EU needs to go ....the poor of Europe (which we all are) cannot afford these 'inner temple' empires ....get rid.... :rolleyes:

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...like the BBC ...the EU needs to go ....the poor of Europe (which we all are) cannot afford these 'inner temple' empires ....get rid.... :rolleyes:

Two layers of government is unnecssary and costly. Either abandon national parliments in EU states or the EU.

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This is the real reason the euro will not be allowed to fail- too many people with a VI in keeping EU the gravy train on the track.

The first concern of any bureaucracy is it's own survival- even if this objective conflicts with the reason that bureaucracy was created.

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This is the real reason the euro will not be allowed to fail- too many people with a VI in keeping EU the gravy train on the track.

The first concern of any bureaucracy is it's own survival- even if this objective conflicts with the reason that bureaucracy was created.

Well you may be right. If the euro is to work, then defaults by sovereign nations must be allowed to happen.

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This is the real reason the euro will not be allowed to fail- too many people with a VI in keeping EU the gravy train on the track.

The first concern of any bureaucracy is it's own survival- even if this objective conflicts with the reason that bureaucracy was created.

...sound like the new elitist high salaried local councils ...and their attitude of getting rid of local services to keep themslves in jobs at current and growing pay levels .... :rolleyes:

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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