Taxpayer Bill Doubles for Gold-Plated Public Sector Pensions
New public expenditure figures from the Treasury show that the cost of gold-plated public sector pensions enjoyed by 80% of public sector workers has more than doubled. Taxpayers have forked out £10 billion to prop up the system in the past 5 years…
Luxurious defined benefit pensions paid to the likes of civil servants and MPs have steadily risen from a total of £40 billion in 2019 to £49.6 billion this year, while the proportion of contributions received has fallen – meaning the taxpayer has to cover the rest. The net cost has more than doubled from last year from £1 billion to £2.4 billion. Private sector employees could but dream…
