Pensions issue ‘can only have amicable solution’

Tuesday 24th January 2012, 2:29PM GMT.

Pensions issue ‘can only have amicable solution’

AN AMICABLE conclusion to Guernsey’s public sector pension review will rely on the States’ ability to present a case for change, the new chairman of its joint working party has said.

Rodney Benjamin, former joint senior partner of actuary and consulting company BWCI, has been named as the independent member of the group tasked to find a sustainable pension scheme for public sector workers.

The group consists of three employer and three employee representatives – plus Mr Benjamin.

Mr Benjamin, pictured, was pleased that both sides were open to discussions, given the backdrop of UK public sector strikes resulting from its pensions row, and both were committed to agreeing on a scheme that was affordable for the future.


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  1. 1
    Gsyman

    Close the final salary scheme to new members.All new empoyees to join a new cash purchase scheme.
    This is what 95% of the private sector pension schemes have done, why not for the public sector?

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    • Martino

      Well said. This should be an absolute no brainer and should be done now.
      It’s absolutely crazy that new employees are still being allowed to join the final salary scheme when we all know it is totally unsustainable and will have to end soon.

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