Back in November Neil Forman decided to list the pension contribution figures on this forum and the Press have chosen to wait til now, and have copied this misleading scaremongering tactic on their front page. the reason why the contributions have risen significantly is because the RATE was strategically increased with effect from 2010. 2007 £16,027,000 rate = 7.85% 2008 £16,641,000 rate = 7.85% 2009 £17,821,000 rate = 7.85% 2010 £25,910,000 rate = 14.1% 2011 £27,450,000 rate = 14.1% The previous low rate was to eliminate a substantial funding surplus and this was explained in the billet which incorporated the actuarial report of 2007. The billet is here: http://www.gov.gg/CHttpHandler.ashx?id=3864&p=0 It says on page 1300 ” Whilst this recommended employer contribution rate is a substantial increase on the current rate, it is similar to the rate paid during the 1980′s and early 1990′s. During the mid 1990s the Superannuation fund had a substantial surplus primarily due to a very strong investment performance and, following the Actuaries advice, the employer contributions were set at a level which eliminated the surplus over a period of time.”
Voice For Victims
Voice for Victims is a campaign aimed at promoting the rights of those affected by child sexual abuse.
