UK faces extra €2bn EU pensions bill

Euractiv | Jul 3, 2020 at 7:38 PM
  • The cost of the Commission’s Pension Scheme Liability Bill has increased by over €30bn since the UK voted to leave the EU in June 2016, but since the liabilities have been formally agreed to and signed into UK law it appears that Boris Johnson’s government will have little alternative but to settle the revised bill.
  • The liabilities set out in the Withdrawal Agreement are to be based on the EU staff pension fund’s membership as of 31 December 2020, when the post-Brexit transition period ends.
  • The UK’s payments for its EU pension liabilities will be made in 10 instalments, with the first due on 31 October 2021, and will cover former officials working in the European Defence Agency, the European Union Institute for Security Studies, and the European Union Satellite Centre, as well as former MEPs and other officials.