Skip to main content

Departmental Pensions

Volume 475: debated on Wednesday 7 May 2008

To ask the Secretary of State for Foreign and Commonwealth Affairs 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. (200691)

The Foreign and Commonwealth Office (FCO) does not have responsibility for a departmental pension scheme. UK civil servants employed by the FCO belong to the central Principal Civil Service Pensions Scheme (PCSPS). The PCSPS publishes details of its unfunded liability in its annual resource accounts, copies of which are placed in the Library of the House.

To ask the Secretary of State for Foreign and Commonwealth Affairs 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. (200692)

The Foreign and Commonwealth Office (FCO) does not have responsibility for a departmental pension scheme. UK civil servants employed by the FCO are members of the central Principal Civil Service Pensions Scheme (PCSPS). The PCSPS has published details of unfunded liabilities in present value terms in its annual resource accounts since 2000-2001. Because the assumptions underlying estimates of unfunded liabilities, for example life expectancy, vary, they are not directly comparable from year to year.

To ask the Secretary of State for Foreign and Commonwealth Affairs 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. (200693)

UK civil servants employed by the Foreign and Commonwealth Office are members of the Principal Civil Service Pension Schemes (PCSPS). The PCSPS has published details of employer contributions in its annual resource accounts every year since 2000-01. Copies of the PCSPS accounts are held in the Library of the House.

To ask the Secretary of State for Foreign and Commonwealth Affairs what the effect on his Department's expenditure would be of increasing the employee contribution to each pension scheme for which his Department is responsible by 1 per cent.; and if he will make a statement. (200694)

If the Principal Civil Service Pensions Scheme were to raise the level of employee contributions to each of its schemes by 1 per cent. of salary, this would generate additional contributions equivalent to 4 per cent. of the total employer contributions made by the Foreign and Commonwealth Office to the schemes. In theory therefore it might permit a 4 per cent. reduction in the Department's expenditure on pension contributions.

To ask the Secretary of State for Foreign and Commonwealth Affairs 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. (200695)

The total cash equivalent transfer value of the public sector—Principal Civil Service Pension Scheme—pensions of the 10 staff with the highest salaries in the Foreign and Commonwealth Office (FCO), and its Executive Agencies, at 31 March 2008 was £11,795,588.

The FCO discloses the cash equivalent transfer value of the pensions of each executive member of the FCO Board of Management in the remuneration report contained in the Department's annual resource accounts.