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From: JonH🍕
£22bn,£40bn etc sounds a lot eh. How about £2.6 trillion? And that was 3 years ago. The UK's unfunded public service pension liabilities were estimated at around £2.6 trillion in 2021-22, a major component of the total public sector pension liabilities. These schemes, including those for the NHS, teachers, and civil servants, are "pay-as-you-go," meaning current contributions are used to pay current pensioners rather than being invested in a dedicated fund. As a result, the government pays for these benefits from its current revenue, with the liability representing the government's future obligation to pay out pensions.

Current Thread	Author	Time
After decades of listening to people talking I consider I have a good ear for accent ... [more]	LP12	20:27:24
>> snigger !	Bwana	09:53:13
>> Easy: he’s a ruddy foreigner	Hamsterwheel	21:01:19
>> 16 pints will do that to you.	Denc 🗡	20:47:42
>> He's like "THe Brown Bottle' VIx character. Mild mannered bank clerk blah blah ... [more]	LP12	20:56:25
>> ..talking of jordies/sunderland, hull!!...[more]	LP12	21:05:36
>> Geordies.	Denc 🗡	01:56:41
>> £22bn,£40bn etc sounds a lot eh....[more]	JonH🍕	23:05:10
>> The populace must work 12 hours per day for a handful of rice to support ... [more]	Denc 🗡	01:58:37
>> Not due to be paid in a single year of course, but for perspective,,...[more]	JonH🍕	23:08:46
>> also, funnily enough, I see that clip, that's from Romper Stomper, mentioned ... [more]	LP12	21:06:53

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