The BBC’s pensions bill has soared to £2 billion, leaving licence fee payers having to stump up to meet the increasing costs that include six-figure payouts to bosses.
One 55-year-old executive who took early retirement is receiving an annual pension of £200,000, in addition to a £750,000-a-year salary from his new job, an analysis of pensions deals at the corporation have revealed.
The increasing burden of generous deals has contributed to a £600 million rise in the BBC’s pension fund deficit over the past year to more than £1.7 billion, amounting to nearly half its yearly revenue from the licence fee.
