Pensions apartheid gap widens to £17300

By Paul Farrow

Published: 12:01AM BST 29 Aug 2009

According to PwC, private sector workers in defined contribution schemes
typically receive employer contributions of around 6pc of salary.

For civil servants, contributing only 1.5pc of their salary to their final
salary pension schemes, the implied employer contribution rate could be as
high as 35.5pc of salary, the accountant said.

PwC compared the financial fortunes of a public sector employee who remains in
civil service employment from age twenty-one to retirement at age sixty with
someone born in the same year, who spends his whole working life in the
private sector. The public sector worker would receive a pension of £28,900
compared to just £11,600 for the private sector worker.

Read more

Pensions apartheid is simply unbelievable

Why whinge on endlessly about the unfairness of local government pensions?
The average annual pension in local government is of the order of �4,000 p.a.
Why not question the size of pensions lavished on financial journalists?
Stop picking on the poorest workers!
Sour grapes never made a good whine (sic)

Pension view ‘not radical enough’

The author of an influential report into the future of pensions now believes that his proposals were not radical enough.

Lord Turner told the BBC he would now argue that the age at which people received a state pension should be raised more quickly.

Read more