'The BBC has decided not to ask its long-serving staff – who, in common with much of the public sector, enjoy guaranteed pension benefits when they retire – for any additional contributionsThe BBC is to pump £740 million of licence fee payers' cash into its pension scheme, to try and close a funding deficit that has nearly doubled over the last three years.According to a new valuation, the deficit in the BBC pension fund – ie, the value of its assets minus its projected liabilities to retiring staff – has grown from £1.1 billion in 2010 to £2bn in 2013.However the BBC has decided not to ask its long-serving staff – who, in common with much of the public sector, enjoy guaranteed pension benefits when they retire – for any additional contributions.As a result, licence-fee payers will be expected to foot the entire bill, at an additional cost of £365million over the next four years.'
Tuesday, 7 July 2015
BBC to pump £740m of licence fee payers' cash into pension scheme deficit
The bare faced cheek of the lefty BBC is boundless.
The Telegraph report http://www.telegraph.co.uk/culture/tvandradio/bbc/10570964/BBC-to-pump-740m-of-licence-fee-payers-cash-into-pension-scheme-deficit.html that:
Here's something for the alleged Conservative government to act on, but they won't because they are scared of the BBC's power.