Isn't the entire point that they don't contribute anything like enough

to meet the cost of the rather generous final salary pensions they retire on? (After having been given a convenient promotion to a high grade, and thus bigger salary, and thus bigger pension, 6 months before they retire)

That's why there's a massive public sector pension deficit

The reduction would get them a little bit closer to the value of the pension they'd be getting if it was just the product of their actual contributions. But they'll still be getting much more than the value of what they put in - the deficit coming from other tax payers

Posted By: Old Git, Nov 28, 13:58:28