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Don’t mention the pension deficit

Published on December 15, 2010 by in Public Sector

It all seems to convenient that when news breaks that there is a giant hole in the public sector pension scheme you would think that it might be spoken about, however today it got trumped by a small rise in public sector job losses. Having read the article by Bob Peston, I couldn’t help but get incensed by his main quote of, “the giant hole in the scheme can only be filled by a combination of greater contributions from taxpayers and from scheme members“, now maybe I’m just being pedantic, but as a private sector worker I put in general the most into my own pension.  My company put in a standard 3% of my earnings, that is the way it should be. My question is why should the tax payer fund the majority of the public sector pension, I agree that

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