Pensions

More than £8 of TV licence fee goes on BBC pensions | News

Some senior presenters and executives are estimated to have BBC pensions valued at more than £2 millionLauren Hurley/PA

The BBC is spending more than £8 a year from every television licence fee to fund its gold-plated pension scheme for long-serving staff.

Some senior presenters and executives are estimated to have BBC pensions valued at more than £2 million.

A £1.8 billion shortfall in funding for salary-based schemes, which were closed to new employees after 2012, will be funded out of the £147 licence fee until 2028. The closure of the old schemes means that the increasing proportion of female employees are missing out on a significant financial advantage received by veteran male colleagues.

The BBC has stopped publishing the pension entitlement of executive board members but a 2013 report showed that after 33 years, one member earning £166,000 had built up a £2.8…

Want to read more?

Register with a few details to continue reading this article.

Already a subscriber? Login

Leave a Reply

Your email address will not be published. Required fields are marked *

14 + seven =