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Departmental Pensions

Volume 487: debated on Tuesday 3 February 2009

To ask the Chancellor of the Duchy of Lancaster with reference to the answer of 21 July 2008, Official Report, column 785W, on departmental pensions what account was taken of the (a) new FRS 17 accounting standard and (b) abolition of dividend tax credits in the decision to close the Duchy of Lancaster staff pension scheme to new entrants. (249942)

The abolition of dividend tax credits came into force in 1997 and there was no reference to this in the minutes relating to the decision made on 6 February 2002 to close the Duchy of Lancaster staff pension scheme to new entrants. The FRS 17 accounting standard came into force after the aforementioned decision.

To ask the Chancellor of the Duchy of Lancaster with reference to the answer of 21 July 2008, Official Report, column 785W, on departmental pensions, what percentage contribution the Duchy of Lancaster makes to staff pensions for staff who are not in the final salary scheme. (249943)

A contribution equivalent to 10 per cent. of the gross salary of a Duchy of Lancaster employee not within the final salary scheme is made to those younger than 50 years of age. Staff who have attained in excess of 50 years of age receive a contribution of 13 per cent. of the applicable gross salary.

To ask the Chancellor of the Duchy of Lancaster with reference to the answer of 21 July 2008, Official Report, column 785W, on departmental pensions, if he will place in the Library a copy of the minutes of the meeting at which it was decided to close the Duchy of Lancaster Staff Pension Scheme to new entrants. (249944)

The decision to close the Duchy of Lancaster Staff Pension Scheme was made by the Duchy Council on 6 February 2002. However, as the Duchy of Lancaster is a private body the minutes of meetings are confidential and it would not be appropriate for these to be placed in the Library.