The big police pension pot that never was

13 September 2010

Police officers pay 11 per cent of their salary in pension contributions – more than any other group of workers in the country.

If all this money had been used as it should have been – that is, invested to pay for officers’ pensions – the resulting ‘pension pot’ would probably have been the biggest in the country.

And the media would not be running stories – as they have – about the Government having to pay for a shortfall in the police pension fund.

The Taxpayers Alliance has expressed its dismay over Government expenditure in this respect.

We would hope that it will ask the Government where the money paid by officers in contributions actually went and why it was not used to fund police pensions.

On joining the Police Service, each officer enters into a contract in which they undertake to pay very substantial contributions in return for a pension.

Having honoured their side of the contract, they have a right to expect the employer to honour its side in turn.

We have no reason to think that the Taxpayers’ Alliance is not a firm believer in fairness and that it would not agree that police officers are entitled to receive something they have been promised and which they have royally paid.

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