RT.COM: The EU’s bureaucracy is set to grow while the rest of Europe is wracked by austerity measures. UK taxpayers will reportedly fork out an extra $2.2 billion annually for the next seven years to pay for the doubling of pensions for Brussels’ officials.
A confidential letter leaked to The Telegraph also reveals that EU pensions are set to double to more than $3.2 billion a year by 2045.
In addition, it disclosed that the European Commission is requesting a 26 per cent increase to cover the growing costs of the civil service in the proposed 2014-2020 budgets, bringing the cost from $72 billion to $91 billion.
Currently, the EU’s retirement plan for bureaucrats consists of 60 per cent of final salary, which evens out to an annual pension of $91,000. This costs European national governments about $1.6 billion annually.
But, this number is continually growing, as the EU takes on more staff to accommodate its expansion from 15 to 27 countries since 2004. » | Tuesday, October 16, 2012
