For final salary pensions its relevance is its use as a discount rate.

I have recently retired with a final salary pension of £68,000.

As for the Private sector, many haven't seen a pay rise over the last 3 year and, don't get a final salary pension.

Private sector employees haven't had final salary pensions for years.

So their final salary pension at best is probably no more than 20-25% of their final pay, say £3000-£4000.

Public sector workers are being asked to contribute 3% to their final salary pensions.

Private sector workers dream about having a final salary pension!

Sure, I'll back public servants' right to retire five years earlier than me and on a final salary pension.

The number of businesses that have closed their final salary pension to all staff, not just new joiners, has jumped by a third.

Bridge Trustees operated a final salary occupational pension since 1971.