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International Business Times UK
International Business Times UK
Regyl Jaen

UK Council Pension Data Reveals Record £100,000 Pensions: But Who Pays for It?

Growing council tax bills intensify scrutiny over the cost of public sector pensions. (Credit: PHOTO: Pexels.com)

The number of retired council staff earning six-figure pensions has hit a record high in the UK, according to figures obtained from the UK's Local Government Pension Scheme (LGPS). 245 retirees are set to receive more than £100,000 a year, highlighting a significant increase in high-value public sector pension payouts.

The rise sparked debates on who ultimately funds these large retirement payouts, especially during a time when households face higher council tax bills and stretched local government budgets.

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