At the last official reckoning in 2021, the value of UK public service pension scheme liabilities eclipsed 100 per cent of GDP . Since then, the scale of these liabilities against the benchmarks has receded thanks to higher bond yields and copious public debt issuance. Local government workers, MPs, and those working for the Bank of England see their monthly pension contributions invested in assets like equities, bonds and infrastructure. Almost all other government employees don’t.
As such, the Treasury’s largest cohort of creditors include nurses, teachers, civil servants and soldiers
UK Public Service Pension Scheme Liabilities GDP Assets Government Employees
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