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The constant excuse of Cameron and the government for attacking public sector pensions is that workers in the private sector do not have access to final salary pensions but have to rely instead on the fluctuations of the money markets to provide the pension funds with enough income to give to its members a miserly pension. But it was not so long ago that the majority of private sector workers had the opportunity to enrol in final salary schemes. It was only after 1998 that schemes started to close to new members so that today only 15% of private sector workers are covered by final salary schemes.