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Departmental Pensions

Volume 485: debated on Wednesday 10 December 2008

To ask the Secretary of State for Children, Schools and Families what the net present value is of current (a) departmental employees and (b) teachers’ pensions. (240634)

The Principal Civil Service Pension Scheme (PCSPS) is a multi-employer occupational pension scheme for civil servants employed by Government Departments, including the Department for Children, Schools and Families, as well as some other public bodies. The liabilities for the PCSPS are contained in the Cabinet Office: Civil Superannuation Resource Accounts, which are laid before Parliament each year. Figures for the liabilities relating to individual employers are not readily available and could be obtained only at disproportionate cost.

The value of the teachers’ pension scheme is available in the latest published Resource Accounts (2006-07).