Claims over public pensions ‘fantasy’

Ireland“Public sector unions have said a survey that claims private sector workers are paying €5,000 a year per person to fund public service pensions is using ‘fantasy figures’. The Professional Insurance Brokers Association (PIBA) claims the 1.6 million private sector workers are contributing about €8 billion a year to the public sector pension bill. According to the study, more than €4bn in private funds are spent on social welfare pensions, in addition to €2.3bn in retirement payments and more than €1.7bn in National Pension Reserve Fund contributions …” (more)

[Fiachra O Cionnaith, Irish Examiner, 22 July]

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