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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 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

The 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.'
Here's something for the alleged Conservative government to act on, but they won't because they are scared of the BBC's power.

1 comment:

Andrew Scarborough said...

Just how many people does Auntie employ? Judging by the numbers of BBC staff required to attend Glastonbury, the apparent ratio of BBC staff attending the LibDem conference to LibDem MPs being fifteen to one, too many. It's too big, too full of itself, too much of an ivory tower on an island of insanity in an ocean of ordure. Put it to the sword, leave it in the study with a bottle of malt and a pistol in the hope that it will do the right thing. Please.