Skip to main content

Departmental Pensions

Volume 475: debated on Monday 12 May 2008

To ask the Secretary of State for Children, Schools and Families 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. (200728)

Employer contribution rates for the Teachers' Pension Scheme from 1990-91 to the present are shown in the following table. The increase in the contribution rate on 1 April 2003 reflected a change in the way the scheme was financed with pensions increase (i.e. the inflation increases in the value of pensions in payment) now reflected in the total contribution rate paid by members and their employers rather than being met separately by the Exchequer.

Period

Rate of charge (percentage)

1 April 1989 to 30 June 1997

8.05

1 July 1997 to 31 March 2000

7.2

1 April 2000 to 31 March 2002

7.4

1 April 2002 to 31 March 2003

8.35

1 April 2003 to 31 December 2006

13.5

1 January 2007 to present

14.1

The values of contributions received for each year are shown in the following table.

Cost (£000)

1990-91

1754,353

1991-92

825,536

1992-93

907,610

1993-94

949,117

1994-95

971,009

1995-96

975,127

1996-97

1,011,146

1997-98

955,115

1998-99

950,057

1999-2000

1,006,714

2000-01

1,085,978

2001-02

1,207,778

2002-03

1,447,375

2003-04

2,506,296

2004-05

2,578,001

2005-06

2,670,087

2006-07

2,819,704

2007-08

3,020,578

1 Data for 1990-91 have been estimated based on the total contributions made.