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Pensions: Public Sector

Volume 465: debated on Wednesday 24 October 2007

To ask the Chancellor of the Exchequer (1) if he will make it his policy to publish estimates of total public service pension liabilities on a regular basis in the future; (153926)

(2) what the total liability of unfunded public service pension schemes was as at 31 March in each year since 1997.

Total unfunded public service liabilities are estimated to be £530 billion at 31 March 2005. The two previous comparable estimates of this total were £460 billion at 31 March 2004 and, and £425 billion at 31 March 2003. The estimates for years prior to 2003 were not made on a comparable basis. As noted in the 2007 pre-Budget report (Cm 7227), updated estimates of the unfunded public service liability will be published alongside the next long-term public finance report.