Public sector pensions set to continue growth

Research conducted by the Pensions Policy Institute (PPI) reveals a current liability of around £550bn for occupational pension provision in the public sector and the major cost of unfunded public sector pension schemes. Public sector scheme liabilities indicate the long-term impact that committed pension promises might have on long-term fiscal sustainability. While the PPI says the cost of public sector pension payment is showing signs of improvement; it still represents an annual cost of around £18bn, and growing. This figure is broken down into unfunded public sector schemes costin...