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Departmental Pensions

Volume 475: debated on Thursday 1 May 2008

To ask the Secretary of State for Transport (1) what her most recent estimate is of the unfunded liability in present value terms of each public sector pension scheme for which her Department is responsible; and on what assumptions for (a) discount and (b) longevity the estimate is based; (200696)

(2) what the unfunded liability in present value terms was of each public sector pension scheme for which her Department is responsible in each year since 1990-91;

(3) what the (a) rate and (b) cost was of employer contributions for each public sector pension scheme for which her Department has responsibility in each year since 1990-91; and if she will make a statement;

(4) expenditure would be from increasing the employee contribution to each pension scheme for which her Department is responsible by one per cent.; and if she will make a statement.

To ask the Secretary of State for Transport what the cash equivalent transfer value is of the public sector pensions of the 10 highest paid members of staff in her Department and its executive agencies; and if she will make a statement. (200700)

The cash equivalent transfer value of the public sector pensions of the 10 highest paid members of staff in the Department for Transport and its executive agencies is £6,205,505. Much of the detail of this is set out in the Remuneration Report, which is part of the Department’s accounts.