Friday, April 13, 2012

And the rest…

Council pension schemes costing £2,000 for every family in Britain

This reminds me of the "boost" to the government on receiving the shortfall liabilities of the Post Office pension scheme plus the assets, the assets being IOUs from the government. Council pensions are the same so whether they are short or not is irrelevant because the whole amount is coming from the future taxpayer. Pension schemes should not be allowed to list government debt as an asset because it implies a restriction of the democratic right of the majority to tell the council workers to get on the state pension like everybody else.

Posted by stillthinking @ 07:59 AM (3540 views)
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