Skip to main content

Local Authority Pension Schemes

Volume 407: debated on Monday 23 June 2003

The text on this page has been created from Hansard archive content, it may contain typographical errors.

To ask the Deputy Prime Minister how much in percentage terms local authority expenditure will have to rise to meet the actuarial review in 2004 of all pensions schemes for which they are responsible. [120709]

The next actuarial valuation exercise of Local Government Pension Scheme pension funds takes place, as required by the Scheme's governing regulations, on 31 March 2004. The outcomes of that exercise will, therefore, not be known until later in the financial year 2004–05. No actual expenditure consequences for contributing employers can come into effect until 1 April 2005 at the earliest.