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Public Sector: Pensions

Volume 494: debated on Wednesday 17 June 2009

To ask the Chancellor of the Exchequer pursuant to the answer of 2 April 2009, Official Report, columns 1390-91W, on public sector pensions, what estimate he made of the cost to his Department of calculating a revised estimate of the potential net saving in employer costs for the pension schemes for the NHS, teachers and Civil Service over the 50-year period. (276661)

Revised estimates of capitalised savings, such as were calculated in 2005 before scheme reforms were fully developed, are not available and could be provided only at disproportionate cost.

The packages of reforms vary considerably between schemes, as will the effects on employer pension contributions and payments of pension benefits. Detailed questions about the financial effects are for the Departments responsible for the schemes.