Former prime minister Gordon Brown said in April 2014 that Scotland had an above - average share of the public -
sector pension bill and concluded that pensions would be protected by sharing risks and resources within the UK.
Not exact matches
«As I researched the idea of promoting savings in our
sector, the idea of credit union came into mind and I said that's it because it dawned on me that majority of the people don't have savings accounts, insurance cover or even
pension schemes and since I became the Chairman of GHAMRO I really felt the pinch because every now and then I get calls from members asking for advance payment of their royalty to either pay school fees, settle medical
bills or to even solve other financial problems then I've realized that this vacuum has to be filled because GHAMRO doesn't have a policy to pay this type of monies».
For amidst all this private
pension gloom, the taxpayers»
bill for public
sector pension provision seems to grow exponentially.
The government is aiming to reduce its
pension bill by # 1.2 billion next year and thus public
sector workers face increases of up to 2.4 % in their contributions.
Independent expert John Ralfe has calculated that the annual
bill of # 15bn is half the true cost of providing public
sector pensions.
It has overseen an explosion in the wage
bill of the state, to the point where the average public -
sector worker now earns # 74 more per week than a private -
sector employee, as well as having much better
pension and other entitlements.»
Bill C - 27 establishes a framework for target benefit
pensions in the federal private
sector and Crown corporations.