Written question asked by Lord Watson of Wyre Forest (Labour) on Wednesday, 2 December 2009, in the House of Commons. It was due for an answer on Monday, 7 December 2009. It was answered by Liam Byrne (Labour) on Monday, 14 December 2009 on behalf of the Treasury.

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Public Sector: Pensions

Question

To ask the Chancellor of the Exchequer (1) if he will estimate the net annual saving to the Exchequer of capping at £50,000 per annum the benefit payable under all currently accruing defined benefit public sector pension schemes not yet in payment which are estimated to provide a benefit of less than £50,000 annually; and what amendments to public sector pension rules would be required to give effect to such a change;

Answer

The savings from a cap on pensions in payment would take a number of years to accrue as only future pension rights could legally be capped. Data are not centrally available to estimate annual savings to the Exchequer on such future pension rights.

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Secondary information

Type

Written question

Reference

502 c853-4W; 304915

Session

2009-10

Subjects

Pensions Public sector

Link

View this Written question on www.publications.parliament.uk