Gold-plated? Most receive £14k or less

Friday 15th October 2010, 11:30AM BST.

piggy bank. pensions. cash.

And 75% get less than £14,000 a year from the States final salary pension scheme.

Details of the under-fire arrangements were released by States head of HR and development Simon Elliott to highlight his view, which was backed by UK pension reviewer Lord Hutton, that final salary pensions are not necessarily ‘gold-plated’.

Lord Hutton recently released his initial report on the set-up of UK public sector pensions. He announced his belief that final salary schemes were not sustainable and made it clear he would make alternative recommendations when his final report is released early next year.

However, he criticised pension provisions made within the private sector and said he would not consent to a ‘race to the bottom’ when it came to pension standards.

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1
Horace Camp

October 15, 2010 at 4:19 pm

So 25% get more than £14k a year. What is the average figure for the 25%? What is the average figure for the top 10%? Let’s have all the numbers please.

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2
ChrisJ

October 17, 2010 at 12:17 am

How ‘released’ are these figures? I can’t see any evidence of them on http://www.gov.gg, nor are they linked from this article.

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