One pension for them, another for us
Sir Humphrey, of Yes Minister fame, once said: “the public doesn’t know anything about wasting government money. We are the experts.” But he didn’t have FOI requests to think about. Every now and then since 2005, the public has glimpsed how “expertly” our cash is wasted.
Often wastage is due to incompetence but another way our political elite use public money is spending it on themselves. According to figures released to the Taxpayers Alliance, over 17,000 public sector workers have retired with pensions worth £33 000 annually. According to TPA calculations, that’s the equivalent of a £1 million pension pot in the private sector.
The Daily Telegraph reports: “four out of five private sector final salary schemes are closed to new members as companies consider them too expensive in an era of rising life expectancies. But around 5 million public sector workers still enjoy final salary pensions, many of them funded from general taxation.”
The Treasury told the Telegraph: “High-quality pension provision is a key part of the remuneration package of public servants, aimed at maintaining a high-quality public sector workforce. These pensions are fully costed and fully affordable.”
Translation: “the public sector plays by its own rules, thank you very much”. Sir Humphrey couldn’t have said it better himself. It’s only by continuing to press for government accountability that this elitist, “Yes Minister” culture can be altered.
