Private sector workers have to save three times as much in their pension as government officials to get the same amount on retirement, a new report claims.

The research from the TaxPayers’ Alliance found that new public sector workers will retire on pensions three times larger than their private sector counterparts.

A former Tory pensions minister said the report laid bare “the two class pensions system – with the pensions aristocracy funded by taxpayers and the rest of the population who are struggling to save”.

Separately, a Centre for Policy Studies study found households were now saving just 4.9 per cent of their disposable income – the lowest since 1963.

The TaxPayers’ Alliance found that for a new employee aged 25 on the national average wage - £28,600 a year - and making the same level of employee pension contributions, the public sector pension will be worth £11,151 a year more than the private sector pension.

The market value of public sector employee would be worth £1.9million more than the pension of the private sector staffer upon their retirement.