Payoffs for council bosses average £256,104

Kohoutek

chucky wrote: »

the right answer is in reference that you don't know the answer... which is proved by this post whic you completely avoided (again)...

you've used the word moron about 6 times on this thread now - shows your level of intelligence doesn't it

Well I didn't write the Telegraph article, but they must have been basing it on something. Maybe that council is an exception to the general rule. Like I said, if the money comes from central government rather than council tax, it still comes from the taxpayer.

daveyjp

What the Telegraph have done ( and it is also what the Taxpayers Allowance do) is divide total pension costs against a single Council Income stream namely Council Tax. But this is only 15% of total Council Income, hence the headline figure of 26%.

Let me explain in junior school maths using smaller figures:

Total Council Income £100

Council Tax Income £15

Other Income £85

Pension Payments £4

Q - What percentage of Council Income is spent on pensions?
Q - What percentage of Council Tax is spent on pensions?

What is the actual percentage of Council money spent on pensions?

BTW it's not 26%

kabayiri

I'm quite interested in the rate of change in these high level payouts.

What sort of payoff figures were chief execs getting a decade ago, for example.

I seem to remember the Eye covering this a while back, I shall have a flick through the back issues.

Kohoutek

Well, if the article's wrong then blame the actuarial partner that calculated it, that's what it's based on.

What practical difference does the money to make council pension contributions comes from Council Tax, or business rates, or central government grants? They all come from taxpayers.

The reason why some people think that the amount of taxpayer's money spent on local authority pension schemes (even at 4% of council expenditure) is unreasonable is because adequate company pension schemes are becoming increasingly rare for ordinary workers in the private sector, and Gordon Brown's abolition of tax credits on pension dividends has lost private pensions £5 billion every year. If your private pensions invested in the UK stockmarket over the last 10 years, then using the FTSE 100 as an average, it would have lost money.

There are so many stories of how many private pension schemes have huge deficits. It's a huge advantage to be enrolled in pension scheme that is backed up by the subsidy of the taxpayer.

chucky

daveyjp wrote: »

What the Telegraph have done ( and it is also what the Taxpayers Allowance do) is divide total pension costs against a single Council Income stream namely Council Tax. But this is only 15% of total Council Income, hence the headline figure of 26%.

Let me explain in junior school maths using smaller figures:

Total Council Income £100

Council Tax Income £15

Other Income £85

Pension Payments £4

Q - What percentage of Council Income is spent on pensions?
Q - What percentage of Council Tax is spent on pensions?

What is the actual percentage of Council money spent on pensions?

BTW it's not 26%

so....... to summarise it's not as bad as it's been made out to be :eek:

thought so