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Pension plans about striking a balance

Ta plannyn-penshyn bentyn da cormid

Geeck seose gys lieh-cheead ny smoo son penshynyn, as geddyn sloo cooney cadjin argidoil sy traa ry-heet, shen yn irriney varb ta cur eddin rish thousaneyn dy h-obbreeyn ayns kerroo theayagh yn Ellan.

Ta shoh ny lurg fockley magh jeant Jeheiney ec y lught-reill son penshynyn sy cherroo theayagh, dy chaghlaa dy h-undinagh skeim unnaneyssit y reiltys.

Y vee shoh çheet, bee eh shirrit er Tinvaal ad dy gheddyn as dy choardail rish ny treealtyssyn, roish paart dy veeghyn dy cochoyrle marish sheshaghtyn-keirdey.

T'eh kiarit dy chur ny treealtyssyn roish yn whaiyl reesht ayns Mee Houney.

Yn Shirveishagh son polasee as aa-chummey, John Shimmin, ny chaairliagh jeh'n lught-reill son penshynyn sy cherroo theayagh, t'eh er nobbraghey er yn tuarastyl.

T'eh gra dy vel yn tuarastyl prowal dy chormal eddyr cur er yn skeim dy eeck jee hene, as foast tannaghtyn tayrnagh dy liooar da obbreeyn dy ve ayns y skeim, er-nonney çheet dy ve aynjee.

Pension plans about striking a balance

Paying up to 50 per cent more for pensions and a reduction in future benefits is the stark reality facing thousands of the Island's public sector workers.

It follows Friday's announcement by the Public Sector Pensions Authority of plans to radically overhaul the Government Unified Scheme.

Tynwald will next month be asked to receive and endorse the proposals, ahead of a number of months of further consultation with unions.

The aim is to have it back before the court in November.

Policy and Reform Minister John Shimmin, in his role as vice chair of the PSPA, has worked on the report.

He says the report attempts to strike a balance between making the scheme pay for itself, whilst still remaining attractive enough to be in or join.

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