End of contracting out of state second pension
Pension changes will need to be budgeted for by local authorities.
That's from the Policy and Reform Minister Chris Thomas.
It's as a Treasury directive has signalled the end of 'contracting out' of the state second pension.
It means some employees and employers will have to pay more tax.
Mr Thomas says it's something government has also had to deal with.
Bishop's vote...vote...pushed back to January
Debate on Isle of Man Constitution Bill adjourned until the new yearÂ
Dates for rebranded Isle of Man Food and Drink Festival announced
'The Big Manx Feast' will return in September next year
Treasury eyes tougher immigration rules to tackle 'risks' facing system
Higher pay requirements and stricter dependant policies to be reviewed by Council of Ministers
Business confidence cools as costs climb and demand outlook weakens, survey finds
Rising labour and energy expenses dominate concerns, while optimism around future demand and profitability remains muted
