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Pensions

Volume 455: debated on Friday 26 January 2007

To ask the Secretary of State for Trade and Industry what the cash equivalent transfer value is of the public sector pensions of the 10 highest paid members of staff in his Department and its executive agencies; and if he will make a statement. (113804)

The cash equivalent transfer value of the public sector pensions of the 10 highest paid members of staff in the DTI and its executive agencies is £3,755,000.

Each year the DTI and other departments publish details of the pension benefits and CETVs of each of the members of the senior management team in a remuneration report. This can be accessed by members of the public on the DTI external website. Details of six of the 10 highest paid members of staff are included in the last remuneration report which was based on a closing date of 31 March 2006. Of the remaining four highest paid members of staff not included in the remuneration report accounts, the CETVs of two are included in the above total; the remaining two did not have any benefits in the scheme at the close of the accounts.