On Air Early Breakfast Chris Williams | 5:00am - 7:30am

Pension pot projections proposed

 

A combination of a pay freeze and the fact less staff are now contributing are the main reasons why government’s workforce could face a rise in pension contributions.

So says the Chief Minister after a report on public sector pensions recommended a further increase in contributions.

That includes proposals Tynwald members pay a 15 per cent hike to retain their present benefits.

Allan Bell says there is now less money coming into the pot.

 

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