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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.


Public Sector: Pensions

Question
(3) if he will estimate the net annual saving to the Exchequer of ceasing increases in funding from the public purse to defined benefit public sector pensions not yet in payment which are worth over £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.


Secondary information

Type
Written question
Reference
502 c853-4W; 304917
Session
2009-10
Subjects
Pensions Public sector
Link
View this Written question on www.publications.parliament.uk