Beware the public pensions bill

This time last year, the government told us that the public sector pension bill was €75 billion at the end of 2007.

26th September, 2009

This time last year, the government told us that the public sector pension bill was €75 billion at the end of 2007.

Now, however, the annual report of the Comptroller and Auditor General (C&AG) has revealed that the bi l l amounted to a staggering €108 billion at the end of 2008. Even when you adjust the figure to take account of the contribution from the National Pensions Reserve Fund, John Buckley, the C&AG, calculated that...

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