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Pay Review

Volume 403: debated on Tuesday 8 April 2003

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To ask the Secretary of State for Transport what progress has been made with the pay review in his Department, agencies and non-departmental public bodies for which he is responsible,

Pension scheme/sectionDesignated employerLast actuarial valuationValuation result
Funded
Railways pension scheme (RPS) 1994 pensions sectionSecretary of State for Transport31 December 2001Assets £4,917 million—Deficit of £127 met from release of relevant amount from Special Reserve Fund in the section assets
RPS—ex BR sectionStrategic Rail Authority31 December 2001Assets £57.3 million—Surplus of £4.7 million
RPS—ex OPRAF sectionStrategic Rail Authority31 December 2001Assets £8.3 million—Deficit of £2.3 million
British Transport Police Force superannuation fundStrategic Rail Authority31 December 1999 (valuation pending)Assets £562.6 million—Surplus of £80.7 million
British Railways superannuation fundStrategic Rail Authority31 December 2001Assets £449 million—Surplus of £51 million
Great Western Railway supplemental pension reserve fundStrategic Rail Authority31 December 2001Assets £56.4 million—Surplus of £6.5 million
Great Western Railway Inspectors and foremen"s special pension fundStrategic Rail Authority31 December 2000Assets £0.224 million—Surplus of £0.117 million
Great Northern Railway superannuation fundStrategic Rail Authority31 December 2000Assets £600—Deficit £4,300
Great Western Railway salaried staff widows" and orphans" pension societyStrategic Rail Authority31 December 2000Assets £11.2 million—No surplus/deficit
London and North Western Provident society for providing pensions for widows and orphans of salaried staffStrategic Rail Authority31 December 1999 (valuation pending)Assets £1.3 million—Surplus of £0.1 million
Civil Aviation Authority pension schemes (CAAPS)—Civil Aviation Authority sectionCivil Aviation Authority31 March 2001Assets £1,747 million—Surplus of £129 million
LRT pension fundLondon Transport (TfL also participate)31 March 2000Assets £3,744 million—Surplus of £46 million
National Ports Council pension schemeSecretary of State for Transport30 June 2002Assets £9.12—Surplus of £2.015 million

with particular reference to the gender pay gap; and if he will make a statement. [106743]

Following the Government"s response to the Equal Opportunity Commission Task Force "Just Pay" report, all Departments and agencies are committed to reviewing their pay systems by April 2003 and to prepare action plans to close any equal pay gaps. The Cabinet Office has issued guidance to assist in these reviews. The Department for Transport and its agencies are on course to complete the reviews by the end of April. NDPBs were not formally covered by the commitment, but they are undertaking reviews as a matter of good practice.