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NEWS AND VIEWS THAT IMPACT LIMITED CONSTITUTIONAL GOVERNMENT

"There is danger from all men. The only maxim of a free government ought to be to trust no man living with
power to endanger the public liberty." - - - - John Adams

Tuesday, May 31, 2011

UK NHS gold-plated pension millionaires

  • Strategic health authority managers have pension pots between £1.2m and £2.6m
  • Average private sector worker would have to work 1,720 years to accrue same amount

NHS fat cats are enjoying pension pots worth more than £2.5million, and some chief executives will retire on annual payouts of up to £110,000.

Big Government always manages to protect their own at the expense of the taxpayer.

While final salary pension schemes have all but disappeared in the private sector, it is those employees who will end up footing the health service pension bill through their taxes.

Details of the gold-plated pensions come after evidence of lucrative payments to health service managers, even though the whole system is under severe financial strain.

It emerged last month that the bonuses of senior executives at the Department of Health had doubled in five years. Some received £27,500 on top of their six-figure salaries.

And around 1,600 managers of hospitals and health trusts are now earning in excess of £150,000 a year, more than the Prime Minister’s salary of £142,500.

Yet many hospitals are being forced to axe doctors, nurses and midwives to save money, and there are concerns that the cuts are having an effect on patient care.

The average NHS worker retires with a pension of just £7,000.

Figures reveal that the chief executives of the ten strategic health authorities in England have gold-plated final salary pension pots of between £1.2million and just under £2.6million.

Conservative Party poster promising to protect socialized
medicine.  Right-wing parties the world over try to
protect Big Brother programs and buy votes.
The biggest belongs to Sir Neil McKay of the East of England authority, and is currently valued at £2.59million.

Charlotte Linacre, campaign manager at the TaxPayers’ Alliance, said: ‘It’s utterly scandalous that NHS bosses can make an absolute fortune and dump the bill on to future generations of taxpayers.

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