The chancellor pledged today to ensure public sector pensions remain 'sustainable'.
As a part of the budget announcement, George Osborne argued public sector pension reforms carried out during the last Parliament will save over £400bn over the long term.
Promising to maintain this, he said the Government will 'keep public sector pensions sustainable'.
In order to achieve this, he stated: 'We have carried out the regular revaluation of the discount rate and public sector employer contributions will rise as a result.'
