The Council of Ministers has agreed to meet the cost of the shortfall but Chief Minister Frank Walker said the money was already included in financial forecasts and would not have an adverse effect on future budgeting.
‘We are budgeting for it and we can cope with it,’ said Senator Walker.
The Council of Ministers has confirmed that £1.3 million will be added to the cash limits of the Education department in 2007 to meet the additional cost of the employer’s contribution.
Meanwhile Senator Walker said that two decisions taken by the States last year relating to the main pension scheme of States workers firmly dealt with any possible future black hole.
