New figures reveal high value of public pensions

Public servants, including gardai, nurses and prison officers, receive pensions which could cost 20 per cent of their salary each year to fund, according to new Department of Finance figures.

20th October, 2007

Public servants, including gardai, nurses and prison officers, receive pensions which could cost 20 per cent of their salary each year to fund, according to new Department of Finance figures.

The calculations are the first firm indications of the value of public service pensions, and are expected to be used by the benchmarking body as it finalises its report on public sector pay.

The figures reveal that the value of public sector pensions, as expressed as...

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