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    In yet another harrowing story from the coffers of the EU it has emerged that British taxpayers will have to pay almost £170 million next year towards European Union pensions after an above- inflation rise that will grant the average retired official an income of more than £60,000 a year.

    Meanwhile pensions in the UK are set to decline as the Tories scrap the 'final year' pension and adopt a 'career average' pension as recommended by the EU slashing some pensions by about 25%.

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