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Departmental Pensions

Volume 448: debated on Thursday 6 July 2006

To ask the Secretary of State for Education and Skills if he will estimate the pension liability of his Department over the next 30 years. (75238)

The Principal Civil Service Pension Scheme (PCSPS) is an unfunded multi-employer defined benefit scheme and individual Departments’ pension liabilities are not available. Pension liabilities are estimated for individual pension schemes. HM Treasury deposited a full statement about these liabilities together with a technical note covering all the major schemes in the Library of the House on 2 March 2006, Official Report, columns 388-390, following an oral statement in Parliament by the then Chief Secretary to the Treasury.

The statement and technical note provide detailed information about the size and nature of the liabilities and how they are calculated. Table 1 of the technical note shows a breakdown of liabilities per pension scheme.