Unified Pension Fund

The Government Unified Pension Fund shows a gross unbalance between incoming contributions and outgoing benefit payments. Bring participating members contributions into balance with payout of benefits and stop the common practice of large lump sum payments followed by re-employment on "consultants".

 

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Why the contribution is important

By 2021/22 end all non-contributory pensions.

Either: -

End final salary, fixed benefit pensions and change to fixed contribution basis.

Or: -

Increase participating members contributions to match pension payments thus bringing the fund into balance.

And no re-employment policy for early retirees.

 

by SamIOMGov on May 15, 2017 at 02:26PM

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