Eurocrats' Pensions to Cost UK [Pounds Sterling]350million
Byline: Hugo Duncan Economics Correspondent
THE cost to British taxpayers of goldplated pensions for retired Eurocrats is expected to double over the next 30 years, according to a study for the European Commission.
Contributions by UK taxpayers to the pension pots of EU civil servants will jump to [pounds sterling]350million a year by 20 0, the report showed.
European taxpayers will have to stump up a total of [pounds sterling]85billion in the next 50 years to pay for the comfortable retirements for officials. The total contribution from Britain in that time could be an astonishing [pounds sterling]8.5billion.
The report, from EU statistician Eurostat, sparked outrage at a time when millions of workers face redundancy, pay freezes and the collapse of private pensions.
Fiona McEvoy, of the TaxPayers' Alliance, said: 'These figures are absolutely staggering. Taxpayers are already overburdened with UK public sector pension liabilities without having to fund gold-plated pensions for Eurocrats. …