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Public sector pensions situation 'improving', says minister

Deficit not eliminated until 2070s

The minister for policy and reform is confident the public sector pensions landscape is improving.

Chris Thomas was speaking after the latest debate about how to solve the public sector pensions legacy funding gap, during Tynwald this week.

It was decided the cost profile would be reassessed every three years.

Mr Thomas has previously commented that under current projections, the deficit won't be eliminated until the 2070s.

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