A few interesting facts:
Police Pension Scheme
The Police Pension Scheme has no assets to cover its liabilities. Assets in the Support Staff Pension Scheme are valued at fair value, principally market value for investments.
The movement on the net pension liability for the four years ended 31 March 2006 is as follows:
2002-03 2003-04 2004-05 2005-06
Net Pensions Liability at 31 March -407,620 -515,630 -722,750 -902,030 all x 1000£
i.e. The tax payer’s liability for Police pensions in North Wales has increased by a factor of 2.2 in only 4 years and is approaching £1billion.
This figure is met by our taxes ..... Note how it compares to the cost of actually providing the operational side of the police service:
North Wales Police --- Vital financial statistics
Total Expenditure £000 in …. 2004-5 2005-6 %Change
Division of Service Crime 50,840 54,969 + 8
Policing Communities 64,582 73,491 + 14 (GOOD NEWS!)
NET COST OF SERVICE 115,341 129,678
GROSS COST OF SERVICE 151,261
NET OPERATING EXPENDITURE 146,502 166,978
GROSS OPERATING EXPENDITURE 190,706
SENIOR OFFICERS' EMOLUMENTS
The following number of employees have received remuneration within the given bands of £60,000 or
more for 2005-2006. Remuneration for these purposes includes all sums paid to or receivable by an
employee, and sums due by way of expenses & allowances chargeable to UK income tax,.
Remuneration Bands Number of Employees Rank
2004-5 2005-6
£ 60,000 - £ 69,999 8 17 CS
£ 70,000 - £ 79,999 2 3 CS
£ 80,000 - £ 89,999 1 1 ACC
£ 90,000 - £ 99,999 1 1 DCC
£110,000-£119,999 1 0 CC
£120,000-£129,000 0 1 CC
So policing the streets of North Wales cost £190,706million
Whilst the provision of pensions for "retired" policemen cost £902,030million
Completely unsustainable for an area with a resident population of only 670,000. In 2010 tourism (the major income source in the area) produced an estimated £1.8 billion.
