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Web extra: Pensions

An elderly couple sitting next to a lake
Over 30 years, an ongoing error has caused the pension overpayment

Figures out this week underlined the growing gap between public and private sector pensions.

Research by the business lobby group, the CBI, showed that public sector schemes have liabilities of some 915bn.

And a major blunder means 95,000 public sector workers got more pension than they should have.

We are hear from John Ball, a senior consultant with pension specialists Watson Wyatt.

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