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This report looks at the escalating costs of government pension plans and their impact on governments’ ability to deliver fundamental public services.
Between 2001-2011public sector pension plan membership ballooned to 3.14 million people – a 26.6% increase over 10 years.
This report recommends eliminating opportunities for workers to “spike” their pensions upward through high use of overtime in their final few years of service, moving towards defined contribution plans for new employees and using career earnings instead of final yeas to calculate pension amounts for those still on defined benefit plans.