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NEW REPORT: Self-sufficiency is the key

    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