Slight fall in deficit
It's claimed public sector pension planning has moved 'another small step' towards rebalancing.
The black hole has been described by government as Treasury's 'white elephant', at the top of its domestic fiscal priority list.
Some preliminary results have now been laid out by the Policy and Reform Minister, Chris Thomas, showing the long-term cost of benefits has fallen by 1%.
He says recent reforms demanding higher contributions and lower benefits have translated into real improvements - but there's still some way to go:
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