MHK criticises public sector pension payouts of over half a million pounds

Thu, 03 Mar 2016

Public sector pension lump-sum payouts of over £500,000 don't promote confidence in government.

That's according to Ramsey MHK Leonard Singer.

The pensions authority doled out 171 payments of between £100,000 - £250,000 in the last two years, which makes a maximum of nearly £43 million.

Two payments of over half a million pounds each have also been handed out - Mr Singer says it's simply not sustainable if the intention is to stabilise the fund: