Revealed: Public sector vs. private pensions

Hargreaves Lansdown's Tom McPhail explained though public sector workers are understandably upset they will have to pay more into their pensions, retire later and receive less, payouts still compare favourably to private sector provision. McPhail's figures, shown in the tables below, demonstrate the difference between the public sector pension schemes and average private pension benefits: Current pension contribution rates (Source: Hutton Review and ONS)  Pension   Member contribution   Employer Contribution   Total Contribution   Normal Retirement age  Civil Service   1.5%  18...