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Local Government: Pensions

Volume 498: debated on Thursday 29 October 2009

To ask the Secretary of State for Communities and Local Government what plans he has to limit the pensions of members of the Local Government Pension Scheme who earn high salaries; what limits he intends to put in place; what estimate he has made of the effect on the Exchequer of introducing such limits in each of the next 10 years; and what estimate he has made of the (a) costs to and (b) savings for local government pension scheme funds in each of the next 10 years. (295678)

The benefit provisions of the Local Government Pension Scheme are kept under regular review to ensure their affordability and fairness. Changes to the pension entitlements of any members, as set out in the scheme's regulatory framework, will be subject to statutory consultation in the usual way. The next actuarial valuation exercise takes place as at 31 March 2010. It will set future employer contribution rates with effect from 1 April 2011.