This conversation appeared on my Facebook page today in response to a posting of a Telegraph article urging the Government to get stuck into unfunded public pensions.
I’m not saying this is the kind of conversation that is going on in pubs and over weekend bar-b-q’s …but it certainly gives a different perspective!
All of which indicates that the private sector is a hugely inefficient provider of pensions The State on the other hand is uniquely placed to provide pensions efficiently. The huge advantage for the State is that it has the use of members’ money interest free for the whole period up to payment of the pension
I agree..level up not dumb down though we will have to accept pain on both sides.