Khan’s TfL is paying out disproportionate millions to its lucrative Pension pot. In response to a question from London Assembly Reform member Alex Wilson the GLA revealed that for the last financial year, TfL paid £297.7 million in employer contributions towards the TfL Pension pot. This is based upon a 27% employer contribution. For the Local Government Pension Scheme, which the rest of the GLA is signed up to, the employer contribution is 12%…

That means that if TfL shifted its scheme – one of the largest in the country with 86,000 members – to a regular contribution percentage it could save £827 million over five years. The GLA claims:

“The Transport for London (TfL) Pension scheme is a key benefit offered to TfL permanent employees as part of the total reward package and is highl

See Full Page