Public Sector Pensions

Public sector pensions are retirement benefits provided to government employees, funded through contributions by employees and the government during their working years. These pensions offer a guaranteed income after retirement, providing financial security and stability. They are typically calculated based on salary and years of service, and are designed to support public servants such as teachers, healthcare workers, and civil servants. Public sector pensions differ from private pensions in funding and structure, but their primary purpose is to reward public servants for their service and ensure they have income when they retire.