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2011-07-04

Ministers lose the argument on "unaffordable" pensions

"As the graph below from the government-commissioned Hutton Report shows, public sector pension payments are set to peak at 1.9 per cent of GDP in 2010-11 before gradually falling over the next fifty years to 1.4 per cent in 2059-60. The government's plan to ask employees to work longer and pay more is a political choice, not an economic necessity."

http://www.newstatesman.com/blogs/the-staggers/2011/06/public-sector-pensions

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