Claims that the public sector pensions deficit has more than doubled to £100 billion in the past three years were dismissed by the TUC last month.
It described the report by independent pensions consultant John Ralfe as 'a maverick take on the local government scheme,' adding that figures for scheme deficits could easily be presented as 'big scary numbers'. Commitments that stretched for decades were being presented 'as if they all had to paid tomorrow'.
A National Audit Office report published earlier in December destroyed the Government's case for savage cuts to public service pensions, the TUC said. The NAO research showed that pension costs were under control, and questioned whether provision was sufficient to recruit and retain staff.
TUC reaction to Ralfe report @
http://www.tuc.org.uk/economy/tuc-18945-f0.cfm
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