Public sector pensions 'a ponzi scheme' - report

The Times reports taxpayer liabilities for public sector pensions have increased to £45,000 a household, with government employees pension benefits outstripping private sector workers. It added abbot 88% of public sector workers are get final salary pensions - which are more generous that defined contribution funds, compared with only 10% in the private sector, the report from the charity found. The report said the charity claimed that government pensions amounted to a "Ponzi scheme" as new members were relied upon to pay for those in retirement. Angus Hanton, of the IF, said: “You...