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Judiciary: Pensions

Volume 481: debated on Thursday 23 October 2008

To ask the Secretary of State for Justice what assessment he has made of the implications of the deficit in the Judicial Contributory Pension Fund. (229198)

The Judicial Pension Scheme is unfunded, so when benefits fall due for payment they are met from Government revenues. There is no actual pension fund or deficit. However, in any particular year, income from contributions from administering bodies and scheme members is used to offset the costs of paying benefits to pensioners.