Scuffling At The Pension Trough

Because I'm worth it

Lord Falconer is scuffling with Gordon Brown over how much money we taxpayers will be forced to shell out to keep him in comfortable retirement. Brown's offering £50 grand pa: Falconer's demanding £100 grand. They'll be meeting in court.

Meanwhile, the head of the Post Office- yes, the same Post Office that is closing half its customer service branches, has abolished Sunday collections, and is racked by strikes- took home £1.25m last year. £150 grand of that was a contribution to his pension.

And of course, Sir Richard "we're all f***ed" Mottram has just retired from the Civil Service with a pension pot of £2.7m.

Just as a painful reminder, these index linked final salary pensions for the public sector cost taxpayers a fortune. The total liability is £1 trillion, which is around £40,000 for every single British household.

But at least we have the comfort of knowing His Lordship won't have to spend old age living on Tesco Value Beans.
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