The collapse of Thurrock County Council could put Derbyshire District Council workers’ pensions at risk, GMB Union has warned.
The government has appointed a commissioner to take over the Tory-run unitary council due to its level of financial risk and debt. [1]
Derbyshire District Council’s pension scheme is thought to have invested around £30 million into Thurrock’s Green Energy Scheme. [2]
The scheme already looked to be in financial difficulty, even before the council’s collapse. [3]
Mick Coppin, GMB Organiser, said:
“GMB members working at for Derbyshire Council need immediate cast iron guarantees Thurrock’s collapse won’t cost them their financial security in retirement.
“Investing workers’ hard-earned cash in a hairbrained scheme like this is irresponsible at best.
“Derby Council need to publicly guarantee workers’ pension funds right now.”
