Tuesday, 10 March 2009

Public sector pensioners compensated.

Yesterday the government announced that about 5000 public service pensioners who had not been getting their full pension entitlement would be compensated. This on the face of things sounds like good news and it is for those affected but we have once again a major problem with consistency in government policy. It’s OK to bail out a bank but not a pension fund. It’s OK to compensate public service employees who are not getting full pension entitlements but not private sector schemes. Come on the dept of work and pensions let’s have one rule for all and put right the major discrepancies with Pension Protection Fund and the Financial Assistance Scheme. PLEASE!

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