MYTH #5. It is unfair that public sector workers benefit from “gold plated” pensions

REALITY. The private sector is the real culprit for unfairness

What are the Facts?

The real inequality exists in the private sector, where highly paid executives receive the real gold-plated pensions. The TUC’s 2008 Pensions Watch study of 346 directors from 102 of the UK’s top companies found that they are set to earn a yearly pension of £201,7003. This is 25 times the average workplace pension that ordinary workers receive (£8,100). The study also revealed that the most senior directors of these firms had average pension funds of £5.2m, with an annual pension forecast of £333,400. In reality, most directors of the UKs largest private sector companies can look forward to retiring on a full pension at age 60, accrued on generous terms in a final salary scheme.

Index – Media myths about civil and public services.

6 Comments CherryPie on Mar 16th 2010

6 Responses to “Exploding Public Sector Pensions Myths – Part 6”

  1. So ething that gets overlooked when lazy hacks stick the boot into public servants

  2. jameshigham says:

    You’re really going for it, Cherie.

  3. Wow… talk about cherry picking.

    You’re talking about a few thousand of the richest people in the private sector out of tens of millions. Entirely unrepresentative of many people involved in it who get far less generous pensions than people in the public sector.

    Here’s a myth back at you: that the private sector, or even most directors of private companies, are anything like the FTSE 100 directors.

    • CherryPie says:

      The myth in no way implies that most private directory company directors are anything like the FTSE 100 directors.

      It clearly states who it is talking about unlike most reports that mention the supposed gold plated pension of civil and public servants.