A report by the Liberal Democrats claims that nearly all of the savings made for a private sector worker were being used to prop up the public sector pensions. The report states that for every £1 saved by and for a public worker, 91p is taxed towards a public sector workers pension.
The government have squashed these claims and deemed them to be ‘ ridiculous and misleading’. HM Treasury have confirmed that there are already reforms being introduced to reduce the costs to taxpayers and that the retirement age has been increased for new entrants in the National Health Service and civil service.
Our view
For too long many Public Sector workers receive benefits that far outweigh the contribution made be them. Public sector is poorly managed, offers poor value for money, is overpaid based upon results and offers fantastic retirement benefits. ‘Giz a job. Go on, giza’.
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