High-earners to be paid more if States pension changes go ahead
Wednesday 2nd January 2013, 1:00PM GMT.
MORE than 100 high earning States employees will receive large pay rises as part of the proposed shake-up of public sector pensions.
Among them is the Bailiff, who will get an estimated £15,000 salary hike to compensate for the loss of the final salary pension scheme.
However, despite the pay rises, the move will result in significant savings for taxpayers, who will no longer have to contribute 20.8% of the Bailiff and Deputy Bailiff’s salary into their pension fund.
It is understood the Crown officers, along with HM Procureur, HM Comptroller and the island’s three judges, will be included in the new scheme despite not being represented during negotiations.
Within proposals to move to a Care [career average revalued earnings] scheme, announced by the joint working group on public sector pensions, is a recommendation to limit the level of pensionable pay in any year at £85,000.