'Eye-watering...£ltrillion cost of NHS pensions to taxpayer

THE public sector pensions bill has reached a record £2.6trillion, Treasury figures show.

- Steph Spyro

NHS liabilities alone climbed above £1trillion in the 2021-22 financial year.

And the cost of future retirement promises to millions of public sector workers including doctors, civil servants and teachers ballooned by £333billion to hit £2.64trillion.

Benjamin Elks, grassroots development manager at the Taxpayers' Alliance, said: "Buried in Government accounts was the revelation the liability for the NHS pension scheme has exceeded £1trillion for the first time." Writing in today's Daily Express, he adds: "That means the Government owes the equivalent of a whole year of public spending to NHS employees in the form of pension payments.

"All paid for by taxpayers. There is no separate piggy bank, no pension fund that will be used to pay for it."

Assumptions