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Pensions

Volume 456: debated on Monday 29 January 2007

To ask the Secretary of State for Defence 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. (113819)

The total cash equivalent transfer value (CETV) for the 12 highest paid staff in the Ministry of Defence totalled £15.64 million as at 31 March 2006. Four of these individuals are named in remuneration reports that form part of the Department's resource accounts and the cash equivalent transfer value of their public sector pensions is therefore reported annually. The remuneration reports are already in the public domain. I have reported the 12 highest paid members of staff because the 10th, 11th and 12th highest paid members of staff are on the same salary rate. The CETV figure given includes both armed forces and civilian personnel.