Follow us
Publications Commentary Research People Events News Resources and Videos About IFS
Home Publications Workplace pensions and remuneration in the public and private sectors in the UK

Workplace pensions and remuneration in the public and private sectors in the UK

Journal article | National Institute Economic Review

We estimate the changing value of workplace pensions in the UK and incorporate their value into an estimate of the public sector pay differential. Falling pension membership in the private sector and growing value of public service pensions led to a significant increase in the estimated public sector pay differential from 1997 to 2009, even though headline pay grew faster in the private sector. From 2009 to 2012, although pay grew faster in the public sector, reforms to public service defined benefit pensions, particularly indexation to the CPI rather than RPI, significantly reduced the public pay differential.

Find out more

Briefing note
In this briefing note, we estimate the value of employer-provided pensions and compare their value between public and private sector workers, and over time. We then assess what effect the incorporation of the value of workplace pensions has on the estimated differential between remuneration in the ...
Presentation
This presentation was delivered at the Work and Pensions Economics Group Conference at the University of Sheffield on 27 July 2015.
Newspaper article
In this article in the Times, Paul Johnson argues that gold-plated retirement packages, long closed to private sector workers, need urgent revision.