Saturday, October 29, 2011

Our gold-plated pensions

Public sector pensions are gold-plated. You have only to read the Daily Mail or the Express to know that. A pity this image will not be appearing in your bank account any time soon. The average teacher pension is 10000.

However, there are exceptions to the rule of public sector pensions.Margaret Thatcher has received 535,000 for ex-PM duties from a little fund - well obviously a rather large fund - called the public duties cost allowance. Major and Blair have also had very nice golden handshakes (Major 490K and Blair 169K) from this fund. Remember that when some government minister tells you the nation
cannot afford your pension.

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