Saturday, December 10, 2011

How do the government intend to fund public sector pensions once this row is over.?

Part of the present problem is that there has been no properly ring fenced funding of public sector pensions. All contributions have been used in General taxation and pensions have been paid from General Taxation. much if not all of the present problem would have been avoided had such schemes been funded, properly and WISELY (as opposed to politically correctly) invested.

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