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This is Leicestershire: Council pension funds deficit nears £700m



Director of the TaxPayers Alliance Matthew Sinclair said: “With an ageing population and a crisis in the public finances, generous final salary schemes like the Local Government Pension Scheme are inflexible and too expensive, and need urgent reform.

“Councils should not take false comfort in the improvement in the stock market.

“Their pension liabilities continue to far outweigh their assets and the situation remains worse than two years ago.”

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