The price of Leave and Remain: EU to charge Britain for Eurocrats

UK may face a demand from Brussels to pay towards £50b pension fund and the money will go current and retired European Union officials. Britain could have to pay billions of pounds in pension payments for Eurocrats even after it leaves the European Union.

The country may face a demand from Brussels to contribute towards the 60 billion euro (£50billion) total pension liability for all current and retired EU officials.

EU pensions are covered on a ‘pay-as-you-go’ basis from the EU budget rather than through employee contributions invested into a fund.

It means the EU could ask Britain to hand over a lump sum to cover pension liabilities built up during its time as a member. Around 1,730 Britons make up almost eight per cent of the 22,000 retired EU officials drawing pensions at present.

The Brussels employees are entitled to pensions worth up to 70 per cent of their final basic salary, Daily Mail reminds.

The author: Michel THEYS

Michel Theys, a Belgian native, began his career as a civil servant, serving the public for several decades. After retirement, he shifted gears to follow his passion for journalism. With a background in public administration, Theys brought a unique perspective to his reporting. His insightful articles, covering a wide array of topics, swiftly gained recognition. Today, Michel Theys is a respected journalist known for his balanced and thoughtful reporting in the Belgian media landscape.

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