Accrual twist

August 2009
Money Marketing;8/20/2009, p21
In this article, the author discusses the impact of the rising cost of public sector pensions as explained by Stewart Ritchie in Great Britain. He states that he is doubtful that any politician would want to force a public sector worker on course for a pension of 3,500 pounds a year towards a cheaper riskier option. He adds that the move of the Government to rein in the cost of state pensions would tap into popular anger against bulging final-salary pensions of both public and private sectors.


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