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Tynwald receives public sector pensions report

Wednesday, 18 July 2018 06:37

Two options added by members

A report which explores ways of addressing the public sector pensions deficit has been received by Tynwald. 

Two members wanted to add other options to the ones which are already being looked at. 

Ramsey MHK Lawrie Hooper called for a 'mirror scheme' to be considered, while Middle MHK Bill Shimmins wanted the same to be done to a 'career average revalued earnings scheme'. 

Both were approved. 

More work will now be carried out, with a further report due before the court no later than March next year. 

Policy and Reform Minister Chris Thomas told the Tynwald chamber it's important for everyone to be pulling in the same direction.

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