Our first article (11/09) created quite a stir and so here are some further thoughts…...
A. Public Sector Pensions - Future Funding
It may be that the the mounting Public Sector Pension crisis is worse than thought.
In a detailed document published by the *Public Sector Pensions Authority, "IOM Government Unified Scheme 2011, Annual Report and Accounts 2012-2013" there is a gloomy set of notes at page 30 about the PSP funding gap. It is expected to "increase as a larger proportion of the Scheme's membership reaches retirement and that additional funding will be required from the Treasury".
It's worth reading this page in the Report, if nothing else.