I have made a point of not being involved in this political thread, but here goes." Privatisation funds were used to cover unfunded public employees superannuation schemes", that news to me. When I first started work I was told I had to pay into this scheme as a condition of employment and the Local authority paid in twice as much as me for my pension.
I paid for 30 years, ending paying for most of the time 11% of my wages. What happened to the my contributions and the supposed employers contribution. The scheme started in 1947, so for the first 30years they never had to pay a full pensio