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Public sector pensions liabilities rocket by £50bn in a year

Public sector pensions liabilities have increased by £50bn, according to the latest figures from the Government.

The combined liabilities of six of the biggest seven public sector retirement schemes have risen by 18 per cent from £276.6bn to £327.3bn in 12 months.
The figures, which include both current and retired workers, feature in a series of 2005/06 “resource accounts” filed at the Stationery Office over the past few weeks.
The teachers pensions liability increase was £23.4bn followed by the civil Service pensions scheme at £16.6bn, and the armed forced pensions scheme at £9.8bn.

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