Written question asked by Lord Willetts (Conservative) on Thursday, 16 December 2004, in the House of Commons. It was due for an answer on Tuesday, 21 December 2004. It was answered by Malcolm Wicks (Labour) on Tuesday, 21 December 2004 on behalf of the Department for Work and Pensions.

Dept for Work and Pensions

Question: To ask the Secretary of State for Work and Pensions, if he will list the public sector pension schemes which (a) will be expected to pay a levy towards the Pension Protection Fund and (b) will not be expected to pay the levy.

Answer: Mr. Willetts: To ask the Secretary of State for Work and Pensions if he will list the public sector pension schemes which (a) will be expected to pay a levy towards the Pension Protection Fund and (b) will not be expected to pay the levy. [206628] Malcolm Wicks: Broadly speaking the Pension Protection Fund will protect members of public sector defined benefit schemes and the defined benefit elements of hybrid schemes that are not covered by Crown Guarantee. We currently do not have a list of schemes that will be paying the Pension Protection Fund levies. However, the types of schemes who will and will not be expected to pay the levies will be set out in regulations. We anticipate that schemes exempt from the Pension Protection Fund protection and levy payments will be similar to those currently exempt from the minimum funding requirement.

Secondary information

Type: Written question
Reference: 206628; 428 c1739W;428 c1737W
Session: 2004-05
Subjects: Contributions Protection Workplace pensions Pensions Public sector Pension funds Pension Protection Fund
Link: View this Written question on www.publications.parliament.uk