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Audit Scotland - Public pensions face major change and cost pressures

Scotland’s public sector pensions, which cost £3 billion a year and affect one in five people in the country, face significant cost pressures and major reforms.
An independent commission chaired by Lord Hutton is currently reviewing public pensions across the UK. Next month it will publish options for major reform which could lead to higher contributions by employees. An Audit Scotland report published today, The cost of public sector pensions in Scotland, says the Scottish Government and councils will need
to implement changes in Scotland to ensure that pensions are fair and affordable in future.
 
Today’s report looks at the country’s six main public pension schemes. These cover about one million people, in both current pensioners and those who have yet to retire. Public bodies pay £2.2 billion and employees £810 million a year towards the costs of providing pensions.

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