That would be a valid criticism if the statement had been "many public sector pension schemes are" or "many public sector pension funds are". But there are easily enough people entitled to pensions under either the universities scheme on its own or the local government scheme on its own to count as "many", let alone under both of them together. In fact there are about 4.25 million members of funded public sector scheme, as against about 5.5 million members of unfunded schemes (active, deferred and pensioners), so about 44% of public sector pensions are funded.Peter
© Copyright 1998-2013, The Motley Fool Limited. All rights reserved. This material is for personal use only.The Motley Fool, Fool, and the "Fool" logo are registered trademarks of The Motley Fool, Inc.Place of Reg: England & Wales. Company Reg No: 3736872. VAT Reg No: 945 6990 68. Registered Office: 5th Floor, 60 Charlotte Street London W1T 2NU.
Page load time and server: