BBC pension deficit to cost licence payers extra £100 million

The BBC has predicted an increase in payments into its defined benefit (DB) pension scheme of £100 million to fill the fund’s deficit.

The broadcaster currently pays around £140 million per annum into the scheme, which represents 3.5% of the licence fee.

The contribution is expected to rise to around 5% or 6% of licence fee income, an increase of up to £100 million, even if proposed changes to the pensions scheme are carried out.

The pension fund deficit is expected to be between £1.5 billion and £2 billion.

A BBC spokesperson said: “We continue to believe the proposals we are making will deliver a pension scheme that is sustainable, affordable and flexible for BBC staff and the licence fee payer. We know staff have concerns about the proposed changes but we will continue to listen and try to address these during the 90-day consultation period.”

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