Sir Humphrey's Legacy: An Update. UK Public Sector Unfunded Occupational Pensions. (web publication)

Author estimates government liabilities at £1,071 billion

In the 27th IEA Current Controversies Paper, Neil Record examines UK public sector unfunded occupational pensions.

Five important events have occurred since the IEA published ‘Sir Humphrey’s Legacy’ in September 2006:

• The Government has not published total public sector occupational pension liabilities for two years running – breaking a well-established convention.

• The Government has reduced the real (after i