EU to spend £1bn of taxpayers' money on pensions for retired eurocrats in 2010!!!

The European Union will this year spend almost £1 billion on pensions for officials, giving the average retired eurocrat an income of almost £60,000, according to research carried out by the Daily Telegraph.

The contribution from cash-strapped British taxpayers to retired EU officials will be £135 million at a time when many retired Britons in both the public and private sectors face cuts to their pension schemes.

A British diplomat said: "At a time when governments across Europe have taken significant actions to reduce the costs of their public sector, including freezing or even cutting civil service staff salaries, and making commitments to undertake fundamental reviews of staff pension schemes, pay and pensions in EU institutions must reflect the very difficult decisions which are being made right across Europe." More...

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