Although the media are always saying that public sector pensions are very generous, it is rarely suggested that the workers should pay more for them.
People who joined the public sectore pre-1995 pay 6.5% of salary for a generous index-linked DB scheme.
Maybe they should pay more, even maybe 7.5% of salary?
People who joined the public sectore pre-1995 pay 6.5% of salary for a generous index-linked DB scheme.
Maybe they should pay more, even maybe 7.5% of salary?