Skip to main content

Contingencies Fund

Volume 474: debated on Thursday 3 April 2008

To ask the Secretary of State for Defence pursuant to the Written Ministerial Statement of 12 March 2008, Official Report, column 18WS, on the Contingencies Fund, what the unforeseen pension pressures in 2007-08 are. (197102)

[holding answer 26 March 2007]: The 2007-08 spring supplementary estimate for the armed forces pension scheme sought an increase in the net cash requirement of £150 million for the 2007-08 financial year due in the main to higher levels of terminal pension payments (lump sums and early departure) than had been anticipated at the time of production of the main estimate.

I also refer the hon. Member to the answer given in another place by my right hon. Friend, the Minister for Defence Equipment and Support on 31 March 2008, Official Report, House of Lords, column WA128.