It makes no sense to count prospective future earnings as wealth. If we do that, we'll probably conclude that the richest cohort in society is newborn babies, whose collective earnings circa 2060 to 2080 should dwarf ours.
DPER also publishes the Revised Estimates. For 2022, it shows that the PS pensions bill declined by 1.8% vs. 2021. You could also subtract the additional taxation raised by PS employees to calculate the net cost.
It makes no sense to count prospective future earnings as wealth. If we do that, we'll probably conclude that the richest cohort in society is newborn babies, whose collective earnings circa 2060 to 2080 should dwarf ours.
But still need more information, what is the average number of years a retired public servant or their spouse draws down this pension. You would need this information to calculate the wealth effect of having such a pension?