State Pensions - £12bn increase in unfunded public sector pension liabilities


Unfunded civil service and teachers' pension schemes added a combined total of nearly £12 billion in liabilities to the British state, according to documents published on the House of Commons website.

The teaching scheme has combined membership of about 1.5 million and is responsible for just under £7 billion of the increase in liabilities, with a similar number of civil servants accruing the lower figure of £4.8 billion due to the less generous salaries paid to the profession. Civil servants

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: