Urgent meeting requested over pension scheme

Monday, 6 April 2009 01:15

There are growing concerns over the exclusion of a significant public sector pension scheme from the review which is currently taking place.

Administrators of the fund for former local government employees say they are currently looking at a £17 million shortfall, or 'black hole', and the current cost of the scheme to Douglas ratepayers alone is £800,000 a year.

Douglas Borough Council runs the scheme for all 24 of the Island's local authorities, and has written to the local government minister asking for an urgent meeting.

Councillor David Christian is looking for answers to a number of questions:

Clip 1

More from Isle of Man News

Island's first rapid EV charger being installed

Once operational, the site will retain its existing charger, increasing overall capacity to four charging bays
Mooir Vannin could be first of many

Dr Alex Allinson, who is retiring as Ramsey MHK at this year's general election, gave evidence to the final hearing by the independent panel.
'Significant investment or redevelopment' needed at Ramsey District Cottage Hospital

Manx Care is 'planning a sustainable long-term solution'
Braddan Commissioners open expressions of interest for TT camping at Roundhouse

Local authority wants to provide family friendly accommodation

Urgent meeting requested over pension scheme

Share

More from Isle of Man News