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Local Government: Pensions

Volume 502: debated on Wednesday 16 December 2009

To ask the Secretary of State for Communities and Local Government whether an assessment has been made of the effect of the reduction of gilt yields resulting from quantitative easing on the levels of Local Government Pension Scheme pension deficits. (306414)

The actuarial valuation exercise by Local Government Pension Scheme administering authorities due in March 2010 will take full account of this, and all the other factors which are relevant to each of the scheme’s pension funds.

To ask the Secretary of State for Communities and Local Government with reference to the answer to the hon. Member for Brentwood and Ongar of 16 February 2006, Official Report, column 2211W, on advanced corporation tax relief, what the monetary value is of the additional sum that has been provided to mitigate the effect of the abolition of advanced corporation tax relief on the local government pension scheme in each year since 1998. (306753)

The reply given to the hon. Member for Brentwood and Ongar (Mr. Pickles) on 16 February 2006, Official Report, column 2211W, confirmed that the value of the £130 million provided in 1998 to offset the impact of the abolition of advanced corporation tax on the Local Government Pension Scheme has been fully protected through indexation.

To ask the Secretary of State for Communities and Local Government if he will place in the Library a copy of the most recent annual report of each individual administering authority of the Local Government Pension Scheme that is held by his Department. (307116)

This information is not held centrally. However, administering authorities are required to publish their annual report locally. A copy of each authority’s report can be obtained from that authority and, in some cases, from their website.