What is the Cost of Public Sector Pensions?

This is a question that seems to be growing in importance in discussions about Public finances. Is the system of pension arrangements provided to the Public Sector employees fair when compared to that in the Private Sector, or is there ‘pensions apartheid’? As it turns out, the Office for Budget of Responsibility (OBR) think, as a country, there is a ‘surplus’. Is this a case of ‘robbing Peter to pay…

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