Tag Archives: john ralfe

Mark Pack

Public sector pensions: cuts amount to 7%

By Mark Pack | Sat 12th March 2011 - 3:26 pm

Robert Peston’s analysis of the proposed public sector pension reforms from John Hutton contains this key calculation:

The estimate – made by the analyst John Ralfe – that the switch would save just £2bn a year, out of the estimated total annual cost of state pensions (much of which is hidden) of £30bn.

That £30bn is Ralfe’s estimate of the annual cost. It is double the official estimate, with the disparity due to a disagreement on the appropriate discount rate for valuing future liabilities.

A reduction in the value of retirement benefits of 1/15th would of course be unpleasant. But compared

…

Continue reading »
Posted in News | Also tagged , and | 41 Comments
Advert

Recent Comments

  • Nigel Jones
    I think this is an important article, the key point being the kind of message we give people about immigration. Too many people think mistakenly our policy is t...
  • Neil Sandison
    "Clear Liberal Objective" Is that not in the preamble of our constitution ? Is that not the bedrock of The Liberal Democrats as a social liberal party ? We ha...
  • William Wallace
    sarah; rebalancing our economy is a positive sum game both for london and the rest of the country. the south-east is short of water and electricity, and short ...
  • Peter Wrigley
    @ Chloe. I'm sorry you haven't noted any benefits from migration in your area. Be contrast, in my area, the old Heavy Woollen District of Yorkshire, immigrant...
  • Tim Leunig
    Excellent!...