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Clergy Pensions

Volume 403: debated on Monday 10 March 2003

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To ask the hon. Member for Middlesbrough, representing the Church Commissioners if he will make a statement on the ability of the Church of England pension fund to meet its future liabilities. [101634]

Clergy pensions earned on service before 1998, for which the Commissioners are responsible, are covered more than twice over by the Commissioners' assets. Those on service from 1998 are met from the new scheme administered by the Church of England Pensions Board and funded by contributions from parishes. Actuaries provide regular advice on the financial position in both cases.