Taxpayers must not be held to ransom by public sector pension scheme members

Prof Philip Booth comments on the proposed strike action

Commenting on the proposed public sector strikes, Prof. Philip Booth, Editorial Director at the Institute of Economic Affairs, said:
“Public sector pensions cost nearly 40% of salary for most public sector workers such as teachers. Neither employers nor employees pay anything like the true cost of their pensions and the burden will fall on future generations of taxpayers. With government spending already over half of national income, reform of public sector pensions cannot be avoided.
"The industrial action proposed here effectively involves public sector workers holding current taxpayers and future generations of taxpayers to ransom. Private sector workers are already facing much higher taxes as well as receiving poorer pension provision than public sector workers. The reality of the costs of public sector pension schemes must be addressed."