16 January 2010

Council tax rise needed due to local government pensions black hole - Telegraph

Council tax rise needed due to local government pensions black hole - Telegraph: "She said: “The Liberal Democrats are playing into the hands of commentators peddling the line that hard-working public servants are living in the lap of luxury once they have retired.”
The Government described the size of the deficit as “pure speculation”.
A spokesman for the Department of Communities and Local Government said: “This year's valuation of the fund has not been carried out yet and is legally required to be based on market levels at the end of March - no one has any accurate way of knowing what that will be.”"
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What was it last year? And the year before?

We can't afford to fund these pension schemes, time to wind them up...