Summary
PUBLIC sector pension liabilities equal Pounds 20,000 for every person in Britain -- but the true cost is hidden from taxpayers. The shortfall facing these unfunded schemes exceeds by a huge amount those in the U.S. and Canada, according to the influential British- North American Committee (BNAC).
The committee warns that accounting methods have led to an understatement of the true cost of public pensions that will fall on taxpayers.See the full content of this document
Extract
True Cost of Mps' Pensions ; Letters [Scot Region]
It says the UK's Pounds 1,177billion liabilit...
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