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Wirral council workers' pensions are the real problem
3:52pm Tuesday 12th March 2013 in Letters
THE constant publicity about service cuts masks the real problem that aspects of staffing remuneration in local councils are horrendously out of touch with what hard-pressed council tax paying citizens should be expected to pay for.
Civil servants have far greater job security than the private sector, are paid more generous redundancy settlements, and they continue to enjoy guaranteed final salary pensions that are at least twice as large as private sector pensioners with comparable contributions, 25% of all council tax goes toward funding employee pensions and the majority of the rest on staff wages.
The manipulation of low interest rates has destroyed the value of private pension annuities while local authority pensions while local authority pensions remain guaranteed.
Private sector workers are desperately trying to repair their pensions but they can't do that until after they have paid 25% of their council tax into Wirral Council's employee pension scheme.
The payment of staff wages and pensions is the top priority of the council - don't kid yourself that it's the services they offer to the public.
Les Spencer, Saughall Massie