Leading pensions analyst Michael Johnson reveals that the cashflow shortfall between public sector contributions and pensions in payment are rising to unsustainable levels.

A report from the Centre for Policy Studies claims that another round of public sector pension reforms will be required before 2020. By this time there will be an annual burden on taxpayers of some £32 billion compared to £15.4 billion in 2016-17. This is equivalent to £1,230 for every household in the country. Nearly £4 out of every £5 paid in pensions to former public sector workers will come from the taxpayer.

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