Now, however, the first issue of substance is being raised and harsh reality has begun intrude. What contribution should Britain make, once it leaves, to the EU’s pension obligations – which total an astonishing euros 60 billion? Battle lines are already being drawn: Will a one-off lump sum suffice? Or will the EU demand ongoing British contributions, along the lines made to League of Nations staff after that organisation was wound up? The acrimony is evident and is doubtless only a taster of what is to come.
Euros 60 billion is a vast sum, yet covers the pensions of just 22,000 officials – a pot of euros 2.72 million each.
Well over the amount at which you start paying punitive tax rates here. How odd and unexpected that bureaucrats who don’t have to raise the money for their pensions gain decent pensions, eh?