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Written question asked by Lord Jones (Labour), in the House of Commons. It was due for an answer on Monday, 13 January 1997. It was answered by Cheryl Gillan (Conservative) on Monday, 13 January 1997 on behalf of the Department for Education and Employment.


Dept for Education and Employment

Question
What assessment she has made of the adequacy of current teachers' superannuation regulations to deal with teachers aged 55 years and over in the local education authorities of Wales.
Answer

Mr. Jones: To ask the Secretary of State for Education and Employment what assessment she has made of the adequacy of current teachers' superannuation regulations to deal with teachers aged 55 years and over in the local education authorities of Wales. [9979] Mrs. Gillan: Under the current regulations, the costs of premature retirement are pooled among all employers of teachers, and are brought to account some years after the event. This system does not encourage employers to behave prudently. Under the proposed new arrangements, since employers will have to pay the extra cost of each premature retirement as and when they make it, they will make more considered, prudent, decisions. These considerations apply to local authorities in Wales and to all other teachers' employers.


Secondary information

Type
Written question
Reference
9979; 288 c63W
Session
1996-97
Subjects
Local education authorities Workplace pensions Teachers Wales