How public-sector pension schemes are funded | Letters

Prof John H Arnold and Douglas Russell respond to a letter that said defined-benefit pensions place enormous pressure on public financesProf Stephen Caddick’s letter (26 May) on public sector defined-benefit (DB) pension schemes requires a response. There are five large “unfunded” schemes: NHS, teachers, civil servants, police and army. It is true that employers, and thus ultimately taxpayers, put in a fairly high employer contribution. But without a decent pension scheme, such sectors are likel...