Public Sector vs Private Sector

Fair point, in my opinion the higher salary job may allow you to make a aggressive emergency fund or investments and doing these might outweigh the pensions that a high security job probably offers. Still very very good point.
You also make a good point. I guess it really depends on the kind of person you are.. whether you prefer safety or whether you're a risk taker.

High risk high reward

Or no risk, mid reward.