The government has decided the appropriate discount rate for calculating unfunded public sector pension contribution rates should be based on the long term expectation of Gross Domestic Product growth.
The Chancellor George Osborne (pictured) confirmed the rate in his Budget statement today following a full public consultation by the Treasury on the discount rate used for public sector pension sc...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
