Written question asked by Mark Hoban (Conservative) on Monday, 6 March 2006, in the House of Commons. It was due for an answer on Thursday, 9 March 2006. It was answered by Lord Browne of Ladyton (Labour) on Thursday, 9 March 2006 on behalf of the Treasury.

Public Service Pensions

Question: To ask the Chancellor of the Exchequer pursuant to the note on the Total Liability of Unfunded Public Service Occupational Pension Schemes published on 2 March 2006, what the impact on total liability would have been if all unfunded state pension schemes had adopted the real discount rate of 2.4 per cent.

Answer: The Government's latest estimate of the total liability of unfunded public service pensions has been provided in the answer I gave on the Floor of the House on 2 March to the hon. Member for Ludlow. This was based on the discount rates used to draw up the relevant scheme accounts and full details are set out in the paper I placed in the Library of the House. Applying different discount rates would produce different estimates of the total liability but this would not affect the size of future cash payments.

Secondary information

Type: Written question
Reference: 57264; 443 c1645-6W;443 c1645-6W
Session: 2005-06
Related items: Pensions
Monday, 27 March 2006
Written questions
House of Commons
Subjects: Pensions Public sector
Link: View this Written question on www.publications.parliament.uk