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Public Sector Pensions

DFOUR TO ONE PENSION CRISIS PRIVATE SECTOR PUBLIC SECTOR How does the UK pension system work? Who gets the best deal? How will we pay the hidden costs of public sector pension promises? no special provision tax NEW +700,000 since 1997 6% 12% 6% age 6% final salary E30k 25 26 27 28 29 30 pension* E20k */a final salary working life £500,000 66% 25 45 65 age E30k 40 yrs x £30k = E1,200,000 E20k 40 yrs x £20k = EB00,000 E10k 40 yrs x £10k = £400,000 salary £500,000 65 64 63 62 61 6059 58 pension 25 yrs x £20k = E500,000 55 2008/09 state pension £95 Where does it come from? £33b £623b 65 total government spending How long? 3% = £15k = £20k £1 Trillion = £25k Public sector pensions 5% pension / risk Unfunded public sector pension 6,000,000 people Politicians Civil Local Forces Police NHS Teachers 24,000,000 people servants councils

Public Sector Pensions

shared by kcatoto on Jan 28
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Lots of discussion in the press at the moment about public sector pensions. Here's an infographic we produced to illustrate the lack of balance between the public and private sphere. The financial val...

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