| Topic: | Re: Some heartening news | |
| Posted by: | Tony Price | |
| Date/Time: | 17/02/11 20:40:00 |
| And now for some disheartening news xxxxxxxxxxxxxxxxxxxxx Watch out for the pensions deficit Civil SERVANTS 6:26AM GMT 11 Feb 2011 • Total liabilities: £1.18 trillion (£47,000 per household) • Public sector final salary scheme membership: 76pc • Private sector final salary scheme membership: 17pc • Proportion of public sector workers able to retire at 60: 56pc • Proportion of private sector workers able to retire at 60: 25pc • 2009 cost of four largest unfunded public sector pension schemes: £19.3bn • 2009 contribution by taxpayer to four largest unfunded public sector pension schemes: £14.9bn • 2009 contribution by civil servants to four largest unfunded public sector pension schemes: £4.4bn • Shortfall in total contributions in 2006: £200m • Shortfall in total contributions in 2016: £10.3bn* *(OBR forecast) |