Taxpayers' Bill for Teacher Pensions Soars 38bn in a Year

Daily MailAugust 07, 2007

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Summary


THE vast bill for the gold-plated pensions owed to teachers soared by more than a quarter last year, official figures reveal.

Total liability for their pension funds rose by a staggering 38billion, the equivalent of 1,500 for every family in Britain - although statisticians say the cost will be spread over 40 to 50 years.

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Taxpayers' Bill for Teacher Pensions Soars 38bn in a Year

The increase, detailed in an obscure Government document, means the taxpayer now owes teachers 181.3billion, against 143billion a year ago and 119.7billion two years ago.

The 38...

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