The Centre for Policy Studies has brought out a report by leading pensions expert, Michael Johnson entitled Self-sufficiency is the key: addressing the public sector pensions challenge
In this detailed investigation into the future of public sector pensions, Michael Johnson:
- shows that taxpayers should not be liable for plugging the £10 billion annual shortfall in public sector pensions
- recommends that public sector pensions should move to a defined contribution basis (rather than the currently prevalent final salary basis).
- recommends that the key principle of public sector pensions reform should be self-sufficiency
The full report (128 pages) can be downloaded from here.
An abridged version (22 pages) can be downloaded from here.
Date Added: Friday 11th February 2011