Friday, 10 April 2009

£110,000 Pension At 49?!!!

2 comments:

Anonymous said...

Forgive the observation, G&C, but Bob Quick completed sightly more than thirty years' service as a police officer and as such, is entitled to draw his pension.

Furthermore, unlike those drawn by civil servants, which I understand to be non-cointributory, Mr Quick has been relieved of 11% of his salary every year as his contribution to that pension.

Granted, it is a very generous award - no-one in their right mind could dispute that assertion; but he was the Assistant Commissioner (the equvalent of a provincial Chief Constable) in charge of the national counter-terrorist effort, and as such he held a very senior and nationally important role.

He may be a buffoon, but he is due his pension, just like anyone else.

Gallimaufry said...

Anon: pension is deferred salary and the fact that the Classic Civil Service Pension Scheme is non-contributory (the Premium scheme is contributory and I'm not up to speed with the scheme introduced after July 2007) is neither here nor there because salaries take this into account. In addition, the CS Classic Pension accrues at the rate of 1/80 of final salary for every year of service, thus without AVCs the max pension is only half final salary. What rate does the Police pension accrue at? Finally, it's a very generous pension scheme that allows the pensioner to take the pension after a voluntary resignation due to a very silly mistake that a new entrant would not be forgiven. Even an accidental disclosure of confidential material could result in disciplinary action for gross misconduct which might result in dismissal and forfeiture of pension in addition to possible prosecution under the Official Secrets Acts.