Written question asked by Lord Willetts (Conservative) on Monday, 10 February 2003, in the House of Commons. It was due for an answer on Tuesday, 11 March 2003. It was answered by Robin Cook (Labour) on Tuesday, 11 March 2003 on behalf of the Leader of the House of Commons.

President of the Council;Leader of the House of Commons

Question: To ask the President of the Council, what the value is of the national pension funds that would be required to pay the Lord Chancellor's pension calculated on the basis of (a) the salary resulting from the recommendations of the report No 54 of the Senior Salaries Review Body and (b) the reduced salary which the Lord Chancellor has indicated that he would accept. - Inc figures. (Holding answer 13 February 2003).

Answer: Mr. Willetts: To ask the President of the Council what the value is of the national pension funds that would be required to pay the Lord Chancellor's pension calculated on the basis of (a) the salary resulting from the recommendations of the report No. 54 of the Senior Salaries Review Body and (b) the reduced salary which the Lord Chancellor has indicated that he would accept. [97799] Mr. Robin Cook :[holding answer 13 February 2003]: The notional value of the Lord Chancellor's pension package (including dependants' benefits) which in fact is payable from the Consolidated Fund is estimated at around £2 million based on his current salary of £180,045. All other things being the same, this figure will vary on a pro-rata basis with his salary.

Secondary information

Type: Written question
Reference: 401 c155W; 97799
Session: 2002-03
Subjects: Pay Workplace pensions Pensions Ministers Lord Chancellor's Department Pension rights
Contains statistics: Yes
Link: View this Written question on www.publications.parliament.uk