BBC's pension re-jig 'could be public sector template'

Date: June 29, 2010

Category: Contractor Industry News

Planned changes to the BBC's pension scheme, could, according to one newspaper, work as a blueprint for the public sector.

The Daily Telegraph's comments could interest people using umbrella companies and it believes the news provider has taken an unusual step of "severing" its workers pensionable pay from their actual pay.

It stated: "The BBC plan to plug the black hole in its pension fund may serve as a useful blueprint on how the government tries to cap the spiralling cost of public sector pensions."

The newspaper added that people who get a pay rise now from the corporation will not get a bigger pension as a result and he said this situation is worse for people who are a long way from retirement.

French Labour minister Eric Woerth recently said there was a "real moral obligation" to make changes to the current system and would mean that citizens have to work up until 62 rather than the current age of 60.

Posted by John Crawley