The Isle of Man government’s consultation on the future of public service pensions in the island has attracted nearly 800 responses from a range of interested parties, including pension scheme members, trade unions, businesses and members of the public.
The extended six-month exercise, concluded on August 7, included over 50 presentations and has drawn extensive feedback. The responses will now be carefully evaluated so that the Council of Ministers can consider a way forward to be recommended to Tynwald.
Chief Minister Tony Brown commented:
“The purpose of this consultation was to gather views and information on how the government can secure the future of public service pensions in a way that is suitable for all stakeholders in the Isle of Man. On behalf of the government I would like to thank everyone who has taken part, and give an assurance that all submissions will be taken into account as we consider options for the next steps.”
The consultation, on proposals from consultants Hymans Robertson, followed the Isle of Man parliament’s approval for the progression of plans for a unified public service pension scheme that would be simple and affordable.
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