There's a letter in the Sunday Times's Money section that sums up a good many of our problems when it comes to both public sector debt and financial inequality. It is from a public sector worker and it is about his pension. He recognises in it that he is one of the "lucky ones". But let's look at just how lucky he is.
He is "51, married, in good health, with no mortgage and no dependants". That's pretty good for starters. But he also appears to be on the edge of retirement (in his early 50s!). That means he has a choice with his final salary pension: he can either take a lump sum now and an annual pension, or just go for a higher annual pension payment.
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