Public sector pensions need further reform before 2020 to avoid an annual £32bn liability for UK taxpayers, Centre for Policy Studies research fellow Michael Johnson says.
A CPS report, authored by Johnson, found the funding shortfall for schemes is projected to reach £15.4bn by 2016-17. When added to the £17.2bn employers' contribution this amounts to an annual taxp...
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
