GUERNSEY’S final salary public sector pension scheme now has a deficit in excess of £500m. – a potential liability of nearly £12,000 for every taxpayer.
GUERNSEY POST’S frustration at the lack of progress in pushing through changes in the States public sector pension scheme is shared by the deputy who is heading up the negotiations.
PENSION business is still good for Guernsey and the island’s expertise must continue to be promoted, an industry conference has heard.
Consultation is currently under way about the future of Guernsey’s taxation, benefits and pensions system.
A major overhaul of how the States taxes islanders and spends the money, driven by the long-term impact of an aging population, is the subject of a consultation launched this week.
ISLANDERS will have to choose between fewer public services or more tax to avoid being hit hard by the demographic time bomb, Treasury and Resources and Social Security have warned.
MAJOR reform of personal tax, benefits and pensions are on the table as part of a consultation exercise launched today.
INFIGHTING among union officials has led to two senior figures effectively being forced to remove themselves from discussions on planned pension changes.
UNIONS have called for an urgent meeting with States officials so that ‘negotiations can begin’ on pensions.
A STATEMENT yesterday from the Association of States Employee Organisations on pension reforms was notable for who, or more importantly who didn’t, sign it off.