Taxpayers face £2trn unfunded pensions liability - papers

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In a document released on its website only a few hours before the Chancellor's Pre-Budget Report, the Office for National Statistics laid out the definitive cost taxpayers will have to bear for both the state old age pension and public sector pensions.

The total public sector pension's bill is now £810bn, a figure confirmed later in the day in the Pre-Budget Report. The majority of the state employees are on generous final salary schemes unattainable elsewhere in the UK reports The Telegraph. See story...

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