Monday, July 13, 2009

The great public-sector pension rip-off

Dodging the bill

In Britain the liability adds up to 85% of GDP. There is, in effect, a hidden transfer from private-sector workers to their public-sector peers. In Britain it may amount to as much as 30% of pay. Can someone list countries by off-balance-sheet liabilities so I know where to bet the next 25 years of my financial future on.

Posted by matt_the_hat @ 12:23 PM (742 views)
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One thought on “The great public-sector pension rip-off

  • Not before time that this transfer of wealth was exposed.

    We just need the sheeple to wake up and see how they are being robbed.

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