Revealed: £103m. cost of States pension plan
Wednesday 2nd January 2013, 12:00PM GMT.
TAXPAYERS have contributed £100m. to the States final salary pension pot over the last five years.
The figures, which Treasury and Resources confirmed were accurate, show that the amount paid by the States each year has increased significantly.
As employer to 4,700 public sector pension scheme members, the States contributed more than £16m. in 2007, rising to almost £27.5m. in 2011.
Treasury and Resources confirmed the total level of the employer’s contribution each year into the Consolidated Superannuation Fund.
‘This includes contributions from Guernsey Electricity, Guernsey Post, Guernsey Financial Services Commission, the three colleges (Blanchelande, Elizabeth and Ladies’) and the two libraries (Guille-Alles and Priaulx),’ a spokesman said.
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