From 2004, Sheffield Futures will have to increase staff contributions to the South Yorkshire Pension Fund from 10.7 to 18 per cent. So, for a Connexions worker on a salary of 20,000, the charitable trust will need to find almost 4,000 a year before annual pay increments are factored in, compared with around 2,000 previously.
Sheffield Futures, which is a company operating as a charitable trust, says it has been subsidising Connexions pension funds and services, but is now "an estimated 350,000 short" of the money it needs.
A reduction of 23,000 in the Department for Education and Skills' final budget settlement for Connexions South Yorkshire contributed to the shortfall.
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