We can afford defined benefit public pensions

Instead of helping to secure pensions, the government’s ‘levy’ is a hindrance to much-needed pension reform, writes Charles Normand

28th March, 2009

The ‘pension levy’ is a pay cut, not a pension levy. But a true pension levy and a reform of pensions - public and private - would be a good idea. Reform of the system of funding pensions to provide secure income on retirement and take much of the risk off employees is affordable and doable.

Unfortunately, the so called pension levy is an obstacle to this important reform. The pension problems at...

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