Comments on: Not sure about the details of the calculation

By: RH

RH — Mon, 22 Mar 2010 23:17:50 +0000

And don’t forget the value of their lump sum payment on retirement.

By: FCAblog

FCAblog — Mon, 22 Mar 2010 18:48:45 +0000

And the public sector worker can often wangle early retirement without actuarial discount.

By: Chris strange

Chris strange — Mon, 22 Mar 2010 16:49:34 +0000

Plus the public sector worker will have a much higher take home pay as well.

By: Formertory

Formertory — Mon, 22 Mar 2010 13:12:34 +0000

That’s too simple. The public sector employee gets guarantees of index-linked future income regardless of investment performance. The private sector employee gets no such guarantee.

The existence of that pension guarantee is worth money.