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Thursday, 28 June 2012

"Ozo The Bozo"

States pensions to be cut

Treasury Minister Philip Ozouf figures always wrong

FINAL-salary public-sector pensions could be scrapped to stop the Island’s pension bill running out of control, the Treasury Minister has revealed.

In a move that is likely to ignite tensions between States workers and ministers, Senator Philip Ozouf said it was imperative that Jersey tackled the issue.

He said that he was working closely with the Chief Minister and that they both favoured a career-average scheme which would cost the taxpayer less but would leave teachers, nurses, civil servants and others worse off when they retired.

Under the scheme, past contributions would still count towards a final-salary pension, but those made after any change along the lines being considered would go towards a career-average retirement payment.

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