Research and analysis

Total Reward and Pensions in the UK by Occupation in the Public and Private Sectors

This research compares Accumulated Lifetime Total Reward for different occupational groups both before and after the 2015 public sector pension reforms.

• From: Office for the Pay Review Bodies and Office of Manpower Economics
• Published: 8 October 2019

Documents

Total Reward and Pensions in the UK by Occupation in the Public and Private Sectors

PDF, 1 MB, 86 pages

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Details

This research was commissioned from the University of Sussex, with support from NIESR, under OME’s 2018 Open Call procurement exercise. It uses econometric techniques and a lifetime approach to look at the value of total reward at each age from the early 20s through to retirement, where data permits.

The research also calculates Accumulated Lifetime Total Reward (ALTR), described in the report as the ‘discounted cumulative value of all real (i.e. inflation-adjusted) earnings and the financial value of all accumulated pension rights and non-pecuniary benefits each year as a person ages’.

It compares ALTR values, both before and after the 2015 public sector pension reforms, for various public sector, and some analogous private sector, occupations.

Published 8 October 2019