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Home Publications Pensions boost public sector pay growth unlike private sector experience

Pensions boost public sector pay growth unlike private sector experience

Rowena Crawford, Carl Emmerson and Gemma Tetlow
Press release

Public sector pay grew more rapidly than private sector pay between 2001 and 2005, but the gap was even larger if we take into account the rising value pension accrual among public sector workers and the falling value among private sector workers, according to new research published today by the Institute for Fiscal Studies (IFS) and funded by the IFS Retirement Savings Consortium.

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IFS Working Paper W10/03
IFS researchers find that the average value of pension accrual is much higher in the public sector than in the private sector.