The Pension Fund Burden
Monday, September 19, 2022
Changes to the civil service pension scheme are important to reduce the burden on state finances. It is time for a fair and professional formula.
THE government’s plan to revise the civil service pension scheme must be implemented immediately. The need for these changes is urgent because of the growing burden on state finances.
Changing the pension scheme from pay-as-you-go to a fully funded contribution system is a sensible choice. It will mean that payments for retired civil servants will be fairer.
Under this new formula, civil servants will receive the benefits of contributions
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