November 2, 2007
NHS Pension Scheme - A £218bn Black Hole
Soaring tax bills were forecast last night after a £218billion black hole in the NHS pension fund was revealed.
The eye-watering sum is the equivalent of £8,700 for every family in the UK.
And the widening gap in NHS accounts is threatening to send the overall public-sector pensions liability to more than a trillion pounds.
The pensions shortfall was revealed in obscure accounting documents in the House of Commons library yesterday. Senior Tories warned that the scale of the pensions funding crisis could mean crippling tax rises for years ahead.
Read the rest of the article here (link to Daily Express website - it's well worth the read).
Filed under Pensions by Ray Prince
