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Local Government: Pensions

Volume 461: debated on Monday 18 June 2007

To ask the Secretary of State for Communities and Local Government what the timetable is for publishing the valuation of the Local Government Pension Scheme. (141817)

Local authority pension funds in England and Wales underwent an actuarial valuation of their funds from 31 March 2007, as required by the Scheme’s regulations. The outcome for each fund will not be known until later in the current financial year. Details of individual fund valuation results may be requested directly from each local authority who has responsibility for a pension fund.

The Department has not, in the past, published the results of the Scheme’s triennial valuations, but discussions with interested parties will commence shortly to explore the scope for publication.

To ask the Secretary of State for Communities and Local Government (1) what the Treasury’s estimate was in 1997 of the financial cost to the Local Government Pension Scheme per year of abolishing tax credits on dividends; (142173)

(2) what estimate she has made of the gross financial cost to the Local Government Pension Scheme in (a) England and (b) Wales of the effect of the abolition of dividend tax credits in each year since 1999-2000.

I refer the hon. Member to the answer given on 16 February 2006, Official Report, column 2211W, to the hon. Member for Brentwood and Ongar (Mr. Pickles).