Latest News Headlines
On-Air Now
Listen Live
Facebook

Views sought on local authority pension changes

Thu, 15 Dec 2011


Plans to change the way Local Authority workers pay into their pensions have gone out for public consultation.

The Department of Infrastructure wants to change the current scheme, where the majority of workers pay 6% of their pay into their pensions.

The changes would see workers paying between 5.5% and 7.5% depending on their salary.

Those earning less than £12,000 a year will pay 5.5%, whilst top earners who get more than £75,000 will pay 7.5%.

The Department of Infrastructure says it wants the scheme to remain affordable and sustainable.

The full details of the proposals can be found on the Government's website.

All comments must be made by February 17th next year.

 


Bookmark and Share

 

 

Subscribe to get Energy FM News direct to your mobile device

You can get Energy FM News delivered direct to your mobile device using one of the following methods.

  • In the Apple News App on iOS search for Energy FM IOM and then just add it to your favourites
  • In the Google News & Weather App just search for Energy FM and then add us as a customised section
  • If you use an RSS Reader then just add our feed to your app, click here for our news RSS feed