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Unfunded Pension Liabilities

Volume 281: debated on Wednesday 17 July 1996

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To ask the Chancellor of the Exchequer if he will ensure that in all future deliberations of pay review bodies the impact of awards on unfunded pension liabilities is considered and disclosed by each body. [36352]

I have no plans to instruct all pay review bodies to consider and report on the impact of pay awards on unfunded pension liabilities.

To ask the Chancellor of the Exchequer if he will examine the province of Alberta's new accounting treatment and disclosure of unfunded pension liabilities; and if he will adopt a similar system for United Kingdom accounts disclosure. [36353]

As indicated in my reply to the hon. Member on 15 July at column 371, for each of the main occupational public service pension schemes administered by central Government, a scheme statement will be published as a note attached to the departmental resource account. There is further work to be done on the detail of these statements.