PUBLIC SECTOR WORKERS GET LOWER SALARIES BECAUSE OF THEIR GENEROUS PENSIONS, DON'T THEY?
A myth. They are better paid, until you get to the very highest levels of management.
Oh dear! The Torygraph really should check their facts! Here's a quote from the
AFPRB 2007 Report:
We conclude that:
• With revisions to reflect changing circumstances, our methodology to
determine the relative pension value and how we apply that value to civilian comparator pay remain appropriate given that the Armed Forces have noncontributory pension schemes;
• The value should be 4 per cent; and
• The value will be deducted from the civilian pay comparisons from 1 April
2007, which will be part of the evidence for our 2008 Report.
As I understand things, Armed Forces pay is currently set 4% below equivalent civilian pay. However, given recent world events, I guess the desirability (if not the relative value) of all government pensions has increased. So I suppose all government employees (including MPs) shouldn't expect much of a pay rise this year!!!