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    Marek. I note that you did not make it clear that the pensions that the 'wicked' Tories are cutting are only the public sector pensions affecting only future accrual.

    Lets be clear about this. Final salary pensions are unaffordable and almost the only such pensions that remain are in the public sector. It costs about 7/8 times the contribution rate and the taxpayers have huge bills to cover the cost.

    In fact the average person is paying a lot more towards public sector pensions than they pay towards their own pensions.

    So yes they are making changes to the public sector pensions, they have to. Sadly though I do not think they are really doing enough and in a few years more changes will have to be made. The changes proposed will still leave public sector pensions far better than anyone in the private sector can get and too expensive for the taxpayers.

    The public sector should be switched to money purchase (defined contribution) pensions for all future accrual.

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