Eight thousand government workers could face paying more for their pensions and waiting longer for retirement if a set of reforms to public sector pensions is agreed by Tynwald next month.
After the creation of a single new government pension scheme two years ago did not produce all the savings required, a report's recommending a three per cent increase in employee contributions to make up the shortfall.
Employers will also have to pay more towards their staff pensions if the proposals from a working group are supported.
Tynwald members themselves will be asked to pay more too.
Working group chairman, MHK Chris Robertshaw, said all options were considered – including closing the scheme to new members and ending final salary benefits – but says the committee rejected more radical options.
Clip 1
'Essential' that school staff recognise the signs of an allergic reaction
'High' risk of wildfires over the next week
'Come From Away' to continue after cast member injured during rehearsal
'Parks in worse state then when I started' says Peel commissioner