Public pension cost soars to £1,200billion

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The cost of gold-plated pension promises made to public sector workers has soared to nearly £1,200billion, a shocking report warned yesterday.

This is the equivalent of sending a bill for £47,000 to every household in Britain, equal to nearly two years’ salary for the average worker.

In a bitter blow, the majority of private sector workers do not even have a pension – even though they are having to fund those of state employees.

Full story: Public pension cost soars to £1,200billion | Mail Online