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Departments: Pensions

Volume 462: debated on Wednesday 4 July 2007

To ask the Chancellor of the Exchequer how many and what percentage of staff in his Department are making additional voluntary contributions to their pensions; and what steps he has taken in the last year to encourage more people to make such contributions. (147341)

89 members of staff in HM Treasury (8 per cent. of the total number of staff employed by the Department) currently make additional voluntary pension contributions through deductions from their pay.

Pension scheme members receive an annual benefit statement showing the pension built up to date, and also a projection of pension on retirement if the member continues in service to scheme pension age. The benefit statement provides details of the civil service pensions website where staff can obtain further information, including on options for making additional voluntary contributions to boost their pension.