Thursday, July 5, 2012

Town Council Pension Contributions Rocket

The Pension contributions payable to the CCC pension fund are set to rocket over the next few years. This is paid by the Town Council (ie the Council taxpayer) for those in this pension scheme. From 22.5% for 2011/12 going up to in stages to 29% for 2013/14. The proviso is the even at these rates this isn't enough and, by implication, there will be higher rates to come in future years. Ouch!

No comments: