State beats private companies on pensions

THE recent report of the Comptroller and Auditor General on public service pensions gives the lie to many of the wilder estimates of the value of those pensions.

The second report of the benchmarking body in 2007 estimated the effective employer contribution rate of a new entrant to primary school teaching to be 19.4% of salary.

The comptroller’s recent report puts the figure at 7.2% of salary.