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Grounds Keeper Willy

Huge IOMG pension contribution short fall

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Anyone who has to fund the CSPS pension requirement AND climate change response off the back of the average Manx taxpayer has to have at least some acquaintance with the principles of double entry bookkeeping

Imagine young Mr Cannan is mugging up right now

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Chris Thomas has been busy assuring concerned contributors to the comments section on the Pensions article on iomtoday that all with the PS Pensions deficit is ok and that any concerns are unfounded. Indeed, apparently the rapidly depleting PS Pension Reserve has never actually existed as a separate entity, it's always been funded by general revenue.

So that's all good to know, there'll be no change when it's all gone then? Current standings are stated as being £117M PSPR and £1.7Bn reserves.

Edited by Non-Believer
Extra bit

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