Welcome to the website of the
Public Sector Pensions Commission

The Public Sector Pensions Commission has been set up as a result of an initiative from the Institute of Economic Affairs, the Institute of Directors and other groups and is chaired by an independent actuary. Its terms of reference are to improve transparency and public understanding of public sector pension costs and present to the new Government a realistic set of options for reform of the present public sector pension arrangements. It is increasingly clear that, with ever increasing longevity, reform is necessary to ensure that public sector pensions remain financially sustainable for the long term.

The Public Sector Pensions Commission has now published its report, following extensive consultation with experts from across the pensions spectrum.

To download the report, please click here.

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News

Public Sector Pensions Commission report

The report of the Public Sector Pensions Commission has now been published.  It finds that public sector pensions are worth, on average, at least 40 per cent of salary, warns that contributions may need to rise sharply if benefits remain unchanged and sets out a menu of options for reform.

To download the report, please click here.

For the press release, please click here.

Public Sector Pensions Commission report will launch on 7 July

The Public Sector Pensions Commission will be launching its report on Wednesday 7 July at the Institute of Directors, from 9 for 9.30am – 11.30am.  The Commission’s report will set out clearly how the costs of public sector pensions are far higher than the Government admits, how full transparency on costs will be essential if meaningful changes are to be carried out, and how a number of reform options could lead to substantial savings. 

For more details, please click here.

Public Sector Pensions Commission commends coalition proposal to establish government commission

The Public Sector Pensions Commission, an independent body comprised of experts in pension policy, believes there is an urgent need for radical reform of public sector pensions. We therefore welcome the coalition’s decision to set up a government commission to look at this area.

For the press release, please click here.