Public sector pension costs forecast to more than double by 2040

“The cost of public service pensions will rise sharply in the coming years, increasing by €2 billion by 2025, while the level of pension contribution from public servants will remain steady. An analysis by the Department of Public Expenditure has found that the cost of public sector pensions to the exchequer will rise from €3.4 billion last year to €5.3 billion by 2025 …” (more)

[Pat Leahy, Irish Times, 19 July]

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