Brussels figures show massive growth in pensions for Eurocrats
22nd August 2010
Internal estimates, seen by The Daily Telegraph, show huge cost increases as growing numbers of officials in an expanded EU qualify for retirement, often at a younger age than the taxpayers who fund their generous pensions.
Over the next three years alone, the cost of EU civil service pensions is expected to rise by 16 per cent to an annual bill for taxpayers of £1.3 billion.
The purpose of government, as Jerry Pournelle has so famously said, is to hire and pay government workers. This applies even to pretend governments, such as the E.U. and the U.N. Of course, as Margaret Thatcher famously said, the trouble with socialism is that you eventually run out of other people’s money.