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Written question asked by Lord Hammond of Runnymede (Conservative) on Monday, 18 May 2009, in the House of Commons. It was due for an answer on Wednesday, 20 May 2009. It was answered by Liam Byrne (Labour) on Wednesday, 17 June 2009 on behalf of the Treasury.


Public Sector: Pensions

Question
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.
Answer

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.


Secondary information

Type
Written question
Reference
494 c331W; 276661
Session
2008-09
Related items
Public Sector: Pensions
Thursday, 2 April 2009
Written questions
House of Commons
Subjects
Pensions Public sector
Link
View this Written question on www.publications.parliament.uk