Liberal Vannin wants higher pension contributions
Publication Date: Mon, 19 Mar 2012 08:14
The Liberal Vannin party says Tynwald members have a moral obligation to contribute to their pensions.
Tynwald will vote this month on whether members should start paying into their pension funds.
If approved, politicians would start paying a 3% contribution from April, rising to 5% over 2 years.
The party, which has 3 sitting MHKs, believes 10% is a more realistic contribution.
Party leader Peter Karran will move an amendment during this month's sitting of Tynwald, asking for the rate to be increased to 5% immediately, rising to 10% from April this year.
Tynwald will vote on the proposals later this week.
