Public Sector: Workplace Pensions

(asked on 14th March 2023) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate he has made of the cost to the public purse of public sector pensions in each of the next 20 years.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 17th March 2023

The Office for Budget Responsibility’s Fiscal Risks and Sustainability Report forecasts expenditure on unfunded public service pensions is expected to fall from around 2% of GDP in 2021/22 to 1.8% of GDP in 2041/42.

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