Pension increases will stop liability falling to taxpayer

Saturday, 15 November 2014 at 00:00

Making government workers pay more for their pensions is the only way to stop the burden falling on the taxpayer.

That's according to the Chief Minister who says it is regrettable that a unified scheme, introduced two years ago, hasn't worked.

Whilst it has streamlined the system it hasn't achieved the savings expected - partly due to a reduction of workers and no major salary increases.

Allan Bell says he is aware that the three per cent increase in contributions could affect people's standard of living but it has to be done:

More from Isle of Man News

Police investigate Douglas fight after video circulates online

Police are investigating a fight in Douglas after footage of the incident has been circulated online.
Government spends £4,000 sponsoring Liverpool business awards

Enterprise minister Robert Cowell says the Isle of Man spent £4,000 sponsoring a business award in Liverpool - but he won't say which businesses from the Island joined government representatives.
Remember, remember, sparklers can be dangerous!

Islanders are being reminded to take care when using sparklers as part of Bonfire Night celebrations this evening.
Woodbourne Group to reopen Niarbyl and Manx Museum cafés

Two well-known Island cafés are set to reopen after a local hospitality company was chosen to run them.
Last chance to buy fireworks for Bonfire Night

It's the final day to buy your fireworks for bonfire night if you're planning your own display.
Police appeal for witnesses following altercation in Ballasalla

Police are appealing for witnesses following an altercation between two male motorists in Ballasalla.
Suicide prevention services discussed in House of Keys

The Isle of Man already has a rapid response team for suspected suicides.
Part of Ballamodha Straight to close on Thursday

A stretch of a busy route in the south of the Island will be closed for much of the day tomorrow.