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MEPs to seek second pension bailout from taxpayers :: Bruno Waterfield in Brussels

The stark reality of the financial crash for the rest of us is going to be bucked by Euro-MPs.

Will MEPs brave political unpopularity to bailout their second pensions?

The European Parliament's powerful and secretive "bureau" has been struggling to plug a £106 million black hole in the fund that pays out a second pension perk to MEPs.

This generous pension perk is already two thirds funded by the taxpayer and predictably the public purse will "almost certainly" be raided to make up fund losses caused by the financial crash and dodgy investments.

The identities of the 478 MEPs who get the publicly funded second pension contributions worth over £12 million a year is a closely guarded secret - read more here.

by Fran (fran at eurotrib dot com) on Thu Apr 16th, 2009 at 03:29:45 PM EST
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