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Reform's public-sector pensions plan could cost billions extra, a union has warned. Prospect says Reform UK's proposals to make payouts less generous would damage public finances rather than save money.

Prospect said the plans unveiled by the party’s deputy leader, Richard Tice, would damage the public finances rather than save money “and end up costing taxpayers tens of billions of pounds in the years to come”.

Mr Tice said he would want to change public-sector pensions from a defined benefit system to a defined contribution scheme for new entrants. “It has increased in the last 20 years from £750m to somewhere between 1.5tn and 2.5tn,” he said.

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“The liability is growing and it’s

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