Summary
THE pension scheme for local government workers could face a deficit of more than Pounds 60 billion next year if current trends continue, the Liberal Democrats warned yesterday.
The party said freedom of information requests made to pension fund managers in county, unitary, district and borough councils in England and Wales showed that 83 out of 87 were in deficit at their last official valuation in 2007, before the stock market slump and recession took hold.See the full content of this document
Extract
Warning Over Pensions for Council Staff
Since then, one in 10 funds have carried out their own valuations, with deficits up...
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