Civil service pensions, in contrast, promise an inflation-proof income guaranteed by the taxpayer – paid as a percentage of either their final or career average salary.
They go up in line with each September’s inflation figures and increased 10.1pc last year, with a 7pc rise expected to follow next April adding an estimated £3bn cost.
The number of retired civil servants getting more than £50,000 a year from the Whitehall pension scheme has jumped by 53pc from 3,092 last year to 4,741 this year.
In contrast, Government statistics show the average annual income across all workplace pension programmes stands at just £10,700.
John O’Connell, the Chief Executive of the TaxPayers’ Alliance, added: “Households feeling the pinch will be shocked at the growth of these pension pots.
“Bureaucrats enjoy unfunded retirement packages that dwarf the deals for most employees in the private sector, despite the taxpayers who pay for them seeing their own savings squeezed.
“Ministers need to crack down on overgenerous pension arrangements in the public sector.”
Neil Record, chairman of think tank the Institute of Economic Affairs, said that civil servants enjoyed pensions that are “no longer available to ordinary workers”.
“This is in effect a tax on future generations for a private benefit that well-heeled public sector retirees are now receiving,” he said.
Liz Emerson, founder of the Intergenerational Foundation, added: “These are unfunded pensions meaning that our children and grandchildren will have to cover the difference between workers’ contributions to and what has been promised by the government of the day.”
