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Spartacus You seem to be ignoring a key and very obvious option. Of course the States don't have to give cash to public sector workers and see them fail to put it towards their retirement. They can simply make a contribution to a defined contributions scheme on the employee's behalf. You know, like the rest of us have. That will prevent the storing up of massive future liabilities for the taxpayer. Easy. I have never said or suggested that Guernsey is currently insolvent. I have always said that I am extremely worried about Guernsey becoming insolvent in the future because of the scheme's liabilities. That has not changed one iota. Once again you assume too much about the investment expertise of actuaries and the scope of their role.