The cost of public service pensions
“My report today sets out clearly the facts surrounding current cash payments from the public service pay-as-you-go pension schemes and the basis for future projections of these payments. The Treasury has performed some analysis on the sensitivity of its projections to changing assumptions, but has not considered the potentially significant effects of changes in the size of the public service workforce.
“Later this year I intend to report to Parliament on recent changes to the schemes, which are designed partly to reduce costs.”
12 Mar 2010