Member

A final consideration is that some public sector workers no longer value these pensions, especially those early in their career. Given the challenges they face with housing, childcare, repayment of student loans and inflation, they would prefer a pay rise. We need a different system with more transparency in the government accounts and closer to the arrangements in the private sector. This might include stopping the current system for all new employees, moving to a defined contribution system and auto-enrolment, and/or the buying of gilts or equities to create a proper public sector pension fund for the future, as we have seen in some other countries.