Another day, another confusing message about the Local Government Pension Scheme (LGPS). This time, the Taxpayers' Alliance (a supposedly non-partisan pressure group) claimed councils across the UK had a combined pensions deficit of £54bn in 2010-11, meaning £1 in every £5 of council tax was being used to subsidise council pensions. It called the LGPS "inflexible", "too expensive", "unsustainable" and in need of urgent reform.
Unions gasped in outrage.
"Get your facts straight," heckled Unison, pointing out that council tax makes up just 25% of a council's overall funding, so the figure is closer to 5p in every £1. Meanwhile GMB released counter figures showing the current LGPS deficit to be closer to £38bn.
Read the complete post at http://www.communitycare.co.uk/blogs/social-work-blog/2012/04/does-anyone-actually-understan.html
13 Apr 2012 4:52 PM
The Social Work Blog
| Report Abuse