This is unsustainable and it vividly demonstrates the two faces of Britain;;
Council workers paid in only £1 for every £4 paid out in town hall pensions last year. Nearly £ 6billion of the £8 billion cost of the scheme came from taxpayers, an official report has found. Council workers stumped up just £1.8billion. The research undermines claims that the public employees deserve special treatment because they pay for their own retirement benefits in a sustainable manner.The figures released by the Communities Department showed that in the financial year that ended last March the Local Government Pensions Scheme put just £1.84billion toward maintaining staff pensions. The state’s contribution was £5.92billion.
So, the private sector is funding 75% of the pensions of Local Government employees. Meanwhile 63% of private sector workers cannot afford a pension. See the problem? The reality is that those who work for the State are parasiting off the private sector, retiring earlier, working less days, getting more income. It HAS to end.