LGA responds to TPA pensions release
- Published on Friday, 13 April 2012 10:35
- Posted by Scott Buckler
Responding to the TaxPayers' Alliance report on local government pensions, LGA Workforce Board Chairman Sir Steve Bullock said...
"Presenting a one-day snapshot is a spurious way of gauging the viability of a pension scheme and this year-old figure has no relevance to the actual cost of local government pensions. Councils have taken steps to ensure the schemes, which are significantly funded by contributions from employees, are affordable for taxpayers, fair to workers and viable in the long-term.
"The fact the nominal deficit fell by £37 billion in just a year shows that we are getting it right and that the supposed ticking time bomb is already being defused. We will continue to work to ensure the ongoing viability of local government pension