Guernsey States are reviewing the unaffordable states final salary scheme. However nothing from the states of Jersey.
Never a mention of this From Jersey’s Treasury Minster Ozouf.
Why or how is Guernsey post fairing so well, the good news is Jersey post is still making a profit, but personally I feel the quality of service has become erratic and untrustworthy when they lost a cheque for several hundred pounds I sent, it turned up five months later at a wrong address, and kindly the people phoned me. It had been cancelled but once bitten as they say !
GUERNSEY POST made a profit of £700,000 last year despite battling the loss of VAT-free exports.
Figures in the States-owned utility’s annual report, for the year up to the end of March 2013, showed profit after tax was up by £200,000 on the previous year, even with the withdrawal of low value consignment relief.
However, it is also faced with an immediate funding deficit of £1m. as it looks to curb its out-of-control pension costs.
And the board made clear its displeasure with the States for a lack of progress in pushing through changes to the controversial States final salary public sector pension scheme.
Guernsey Post experienced a 37% reduction in revenue last year, totalling £19m.http://www.thisisguernsey.com/news/2013/07/04/posts-profits-rise-despite-it-losing-lvcr-business/
BBC article on Jersey Post,
15 February 2013
"There is virtually nothing to lose now - business is 80% lower than it was this time last year. The steps we took to reduce costs last year means the business can be sustainable."http://www.bbc.co.uk/news/world-europe-jersey-21459193
Further reductions in service,http://www.thisisjersey.com/news/2013/07/04/farewell-to-our-historic-post-boxes/