This week it was reported that the Local Government Pension deficit 'totals £100bn'
A report says the scheme's liabilities have soared 41% over the past three years.
Latest research suggests the deficit in the Local Government Pension Scheme in England may have more than doubled in the past three years to £100bn.
The deficit would be equivalent to about 7% of the UK's annual economic output, and compares with a shortfall of £42bn three years ago.. Pension consultant John Ralfe who published the data, suggested taxpayers and scheme members will have to pay some £4 billion extra a year into local authority pensions to plug the gap over the next couple of decades. Communities Secretary, Eric Pickles said: "Town hall pensions are now costing over £300 a year to every household paying council tax,." These latest figures point to an increase of two-thirds in pension contributions, from £300 to £500 a year for every household. He added, 'Town hall pensions are now costing over £300 a year to every household paying council tax. This is equivalent to a quarter of everyone’s local tax bill going to local government pension costs, rather than emptying bins, running libraries or cleaning the streets.' To cover the latest deficit figure will consume approximately one half of every household's council tax.'
Last year, when we first broached this subject, the deficit in the Oldham LGP scheme was reported to be £63.5 million. If the new figures are correct and based on the fact that it is very unlikely that OMBC have reduced the deficit, the figure now could be around £92 million.
Are all you council tax payers happy to be shoveling half your annual extortion into the gold plated pension pots of the likes of Sykes and 'Turd' Parker, not to mention the myriad extra
Just look at those figures again!! At present £300 of everyone's council tax goes towards the golden goodbye for the useless tossers. This will probably rise to £500 of everyone's council tax. Is this what you thought you were paying for??? Or were you labouring under the delusion that the bunch of brain-dead wankers were beavering away spending your taxes on YOUR behalf to provide everything we thought we were entitled to expect, from people supposedly working for our benefit?
We have been asking for denial or confirmation of these figures for over a year now and if correct what steps are being taken to rectify the situation. We await any enlightening comments from the numbfucks in The Tower of Babble, but are not holding our breath!
IN THE MEANTIME: FOR FUCKS SAKE SAY...... NO!!
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