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Pensions

Volume 402: debated on Friday 28 March 2003

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To ask the Secretary of State for the Home Department if he will list the (a) funded and (b) unfunded public sector pension schemes for which his Department, its agencies and its non-departmental public bodies are responsible; when the last actuarial valuation was of each scheme; what the value was of the assets at the last actuarial valuation of each scheme; what deficit is disclosed by the last actuarial valuation of each scheme; and if she will make a statement. [104916]

The police pension scheme is an unfunded pension scheme with no assets or deficit requiring actuarial valuation. However, the Government Actuary's Department estimated as at 31 March 2001 that the liability in Great Britain for the police pension scheme was about £25 billion.