Cost of public sector pensions surges to €150 billion

Ireland“The projected cost of all public sector pensions has surged from €114 billion three years ago to almost €150 billion today, according to an actuarial report presented to the Cabinet. The huge figure covers the total cost of pensions accrued by about 320,000 public servants currently in employment and about 170,000 retired public servants who are in receipt of pensions. The bill will be paid over several decades, but is also expected to rise during that time …” (more)

[Pat Leahy, Irish Times, 16 December]

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