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Truthtellingaward
Where are the politicians who are telling us the truth about the depth of the economic and social challenges facing Britain?

In an occasional series we’ll highlight those big beasts who stand up and tell the truth.

Honoured today is Boris Johnson for this observation in his weekly Telegraph column:

"It is incredible but true that the average public sector wage is now higher than the average private sector wage; and public sector pensioners can still generally expect a final salary pension scheme – and these can be very generous indeed. In local government, for instance, you can expect to be awarded one sixtieth of your final salary for every year of service. So if you are a chief executive or other senior official, on a salary of more than £200,000, and you have worked for 30 years – well, you do the maths. It is a very generous deal, and speaking as a former MP and current Mayor, I hesitate to knock it, and I only do so because it is unsustainable. With firms now laying off staff in their thousands, with unemployment apparently set to hit three million for the first time since the 1980s, it is simply too much to expect council-tax payers to scrimp and save to pay for the pensions of local government’s colossal clerisy, when those pensions are so much more comfortable than anything they could afford themselves."

MPs Brian Binley and Mark Field also deserve credit, of course.

Tim Montgomerie

32 comments for: Boris Johnson tells the truth about public sector pensions

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