Options for closing legacy funding gap explored
Tackling the public sector pension deficit is back on the political agenda this month.
Tynwald members will be asked to receive a report outlining options to close the gap between the money paid into the scheme, and that paid out to retired members.
It recommends Treasury looks at the feasibility of creating a voluntary defined contribution scheme, putting a cap on pensionable salary, and linking retirement age to the state pension age.
Vice-chair of the Public Sector Pensions Authority, Chris Thomas, says the report builds on a previous document published in 2016.
Manx Care chief executive apologises over recent service cuts
Educating parents and a focus on diet 'key to tackling obesity'
This morning's sailing cancelled due to severe gales
Treasury minister says delaying the budget would've caused problems
