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Departmental Pensions

Volume 475: debated on Tuesday 29 April 2008

To ask the Secretary of State for Innovation, Universities and Skills what his most recent estimate is of the unfunded liability in present value terms of each public sector pension scheme for which his Department is responsible; and on what assumptions for (a) discount and (b) longevity the estimate is based. (200721)

Arising from its responsibilities as an employer, the Department has to ensure that appropriate employer pension contributions are made to the pension schemes into which its employees make contributions under their contract of employment. The Department does not have responsibility for the management of these schemes.

The overriding majority of my Department’s staff are members of the Principal Civil Service Pension Scheme.

The information sought in the question is contained in the resource accounts of the pension schemes.

To ask the Secretary of State for Innovation, Universities and Skills what the unfunded liability in present value terms was of each public sector pension scheme for which his Department is responsible in each year since 1990-91. (200722)

The Department was established as a result of Machinery of Government changes in June 2007.

Arising from its responsibilities as an employer, the Department has to ensure that appropriate employer pension contributions are made to the pension schemes into which its employees make contributions under their contract of employment. The Department does not have responsibility for the management of these schemes.

The overriding majority of employees in the Department are members of the Principal Civil Service Pension Scheme.

Information about pension scheme liabilities in present value terms is shown in scheme resource accounts (since 2000/01), although these are produced under differing sets of assumptions—for example, of longevity—so are not comparable across years.

To ask the Secretary of State for Innovation, Universities and Skills what the (a) rate and (b) cost was of employer contributions for each public sector pension scheme for which his Department has responsibility in each year since 1990-91; and if he will make a statement. (200723)

The Department was established as a result of Machinery of Government changes in June 2007.

Arising from its responsibilities as an employer, the Department has to ensure that appropriate employer pension contributions are made to the pension schemes into which its employees make contributions under their contract of employment. The rate and cost information being sought is contained in the pension scheme resource accounts (since 2000/01).

To ask the Secretary of State for Innovation, Universities and Skills what the effect on his Department's expenditure would be from increasing the employee contribution to each pension scheme for which his Department is responsible by one per cent.; and if he will make a statement. (200724)

To ask the Secretary of State for Innovation, Universities and Skills 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. (200725)

The majority of the information requested will be set out in the Departmental Remuneration Report, which is part of the Department's accounts.