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To ask the Secretary of State for Work and Pensions, if he will introduce a legal requirement on employers to fund pension schemes that would ensure assets do not fall below the discontinuance funding ratio.

Asked by

Harold Best (Labour)

Answering body

Department for Work and Pensions

Type

Written questions

Status

Answered

Tabled on

6 November 2003

For answer on

20 November 2003

Answered on

20 November 2003

Mr. Best: To ask the Secretary of State for Work and Pensions if he will introduce a legal requirement on employers to fund pension schemes that would ensure assets do not fall below the discontinuance funding ratio. [137917] Malcolm Wicks: Government proposals for regulating occupational pension schemes are set out in the documents "Simplifying the taxation of pensions: increasing choice and flexibility for all" (published in December 2002) and "Working and Saving for Retirement: Action on Occupational Pensions" (published in June 2003). Where a scheme with a solvent sponsoring employer is winding-up the Government believe that the employer should ensure the scheme has sufficient funds, as assessed on a discontinuance basis, to secure scheme members' expected benefits in full. We therefore propose to introduce a requirement to ensure that, in this situation, the debt on the sponsoring employer will be calculated on a full buy-out basis. More generally, we propose to replace the minimum funding requirement (MFR) for defined benefit schemes with scheme specific funding requirements. Under our proposals it will be the responsibility of each scheme's trustees, working with the sponsoring employer and the scheme actuary, to develop a funding strategy aimed at ensuring that the scheme is able to meet its long-term pension commitments. Where a scheme is not winding- up we do not believe it would be appropriate to introduce a requirement for its funding to meet any prescribed minimum level as assessed on a discontinuance, or any other, basis. Improving member protection is a Government priority, which is why we are introducing the new Pension Protection Fund. It will enhance protection for pension scheme members and improve confidence in pension provision in general, by ensuring that members of defined benefit schemes will still receive a meaningful retirement income if their sponsoring employer goes bust and the scheme is under funded.

Date

20 November 2003

Reference

137917; 413 c1352-3W;413 c1348-9W

House

House of Commons

Dept for Work and Pensions

To ask the Secretary of State for Work and Pensions, what estimate he has made of the number of unemployed people of working age in receipt of an occupational pension not qualifying for jobseeker's allowance.

Asked by

Ken Purchase (Labour)

Answering body

Department for Work and Pensions

Type

Written questions

Status

Answered

Date

20 November 2003

Reference

140343; 413 c1350W;413 c1346W

House

House of Commons

Bach, Lord

What is the current cost to individual members of the Armed Forces pension scheme of the benefits it confers; and when and by how much the cost to them has changed since the scheme was introduced; and what will be the cost to individual members of the Armed Forces pension...

Asked by

Lord Morris of Manchester (Labour)

Type

Written questions

Status

Answered

Date

20 November 2003

Reference

654 c342WA; HL 5317;HL 5318

House

House of Lords

Dept for Work and Pensions

To ask the Secretary of State for Work and Pensions, what assessment he has made of the effect on low income households of delaying commencement of paying state retirement pension until the beginning of the week following the birthday that brings entitlement to that pension; what plans he has to...

Asked by

Martin Caton (Labour)

Answering body

Department for Work and Pensions

Type

Written questions

Status

Answered

Tabled on

14 November 2003

For answer on

19 November 2003

Answered on

19 November 2003

Mr. Caton: To ask the Secretary of State for Work and Pensions (1) what assessment he has made of the effect on low income households of delaying commencement of paying state retirement pension until the beginning of the week following the birthday that brings entitlement to that pension; [139485] (2) to commence entitlement to state pension from the actual date of the (a) 65th birthday for men and (b) 60th birthday, for women. [139486] Malcolm Wicks: There are no plans to change the date from which entitlement to State Pension commences. The rule that entitlement begins on the payday on or following the day on which a man reaches his 65th birthday, or a woman her 60th birthday, derives from the fact that State Pension is paid in advance. In practice any effect upon low income households is beneficial as the following chart shows. In the case of bereavement benefits, which are also paid in advance, there is no change upon reaching pension age, since the same payday is maintained. _________________________________________________________________________________________________. Date Payment in Advance Payment in Arrears Thursday 4 December 2003 Man becomes 65 years/woman becomes 60 years. Monday 8 December 2003 Entitled to standard rate State Pension. Would receive £44.28 (4/7ths of £77.45) Receives £77.45 full week's payment for for the period 4.12.03 to 7.12.03 the coming week _________________________________________________________________________________________________. Notes: In respect of the period up to Wednesday 3 December 2003 the individual from a low income household would typically receive one or more of the following, paid around this time: final earnings, monthly or weekly in arrears, with holiday pay, week in hand etc. incapacity benefit/jobseeker's allowance--paid fortnightly in arrears income support--paid weekly or at another period, in arrears

Date

19 November 2003

Reference

413 c1070-2W;413 c1070-1W; 139485;139486

House

House of Commons

Dept for Work and Pensions

To ask the Secretary of State for Work and Pensions, what (a) representations and (b) discussions he has had in the last 12 months on encouraging (i) employers and (ii) employees to contribute to stakeholder pensions; and if he will make a statement.

Asked by

Peter L Pike (Labour)

Answering body

Department for Work and Pensions

Type

Written questions

Status

Answered

Date

19 November 2003

Reference

139442; 413 c1070W

House

House of Commons

Ministry of Defence

To ask the Secretary of State for Defence, what rights only married couples have in (a) housing on military bases, (b) pensions and other employment-related benefits, (c) notification when a spouse has died or has been injured in military action, (d) war pensions and other benefits and (e) war graves....

Asked by

Mark Hoban (Conservative)

Answering body

Ministry of Defence

Type

Written questions

Status

Answered

Date

19 November 2003

Reference

132414; 413 c965W

House

House of Commons

Written Statement on the decision of the Pensions Ombudsman that armed forces pension scheme administrators should accept decisions on attributability taken under the war pension scheme

Written Statement on the decision of the Pensions Ombudsman that armed forces pension scheme administrators should accept decisions on attributability taken under the war pension scheme.

Member

Ivor Caplin (Labour)

Department

Ministry of Defence

Type

Written statements

Date

19 November 2003

Reference

413 c39-40WS

House

House of Commons

Ministry of Defence

To ask the Secretary of State for Defence, how many ex-service personnel have been awarded pensions within the last year as a result of health problems resulting from their service on (a) Christmas Island and (b) other nuclear test sites. - Including figures.

Asked by

Mike Weir (Scottish National Party)

Answering body

Ministry of Defence

Type

Written questions

Status

Answered

Date

19 November 2003

Reference

138235; 413 c967W

House

House of Commons

Dept for Work and Pensions

To ask the Secretary of State for Work and Pensions, what (a) representations and (b) discussions he has had in the last 12 months on the take-up of occupational pensions by part-time workers; and if he will make a statement. - Including figures.

Asked by

Peter L Pike (Labour)

Answering body

Department for Work and Pensions

Type

Written questions

Status

Answered

Date

19 November 2003

Reference

139443; 413 c1070W

House

House of Commons

Dept for Work and Pensions

To ask the Secretary of State for Work and Pensions, what steps he is taking to protect the assets in the pension funds of former nationalised industries. - Including ref to 17 November 2003, 413 c480W.

Asked by

Harold Best (Labour)

Answering body

Department for Work and Pensions

Type

Written questions

Status

Answered

Date

19 November 2003

Reference

138373; 413 c1070W

House

House of Commons

Dept for Work and Pensions

To ask the Secretary of State for Work and Pensions, what estimates his Department has made of (a) the number of occupational pension schemes which have failed to meet their full obligations to employees since May 1997 and (b) the number of employees and pensioners who have been affected. -...

Asked by

Annabelle Ewing (Scottish National Party)

Answering body

Department for Work and Pensions

Type

Written questions

Status

Answered

Date

19 November 2003

Reference

137580; 413 c1069W

House

House of Commons

Bach, Lord

Lords statement on what action the Government intend to take in light of today's judgment in the Court of Appeal regarding the interpretation of the Armed Forces Revision Scheme regulations. [HL 5584].

Asked by

Lord Burlison (Labour)

Type

Written questions

Status

Answered

Date

19 November 2003

Reference

HL 5584; 654 c307-8WA

House

House of Lords

Dept for Work and Pensions

(Pursuant to reply on 13.11.2003 at 413 c440-1W) To ask the Secretary of State for Work and Pensions, pursuant to the Answer of 6 November 2003, 412 c806W, on pensions, if he will estimate (a) the gross cost and (b) the cost net of savings on means tested benefits and...

Asked by

Steve Webb (Liberal Democrat)

Answering body

Department for Work and Pensions

Type

Written questions

Status

Answered

For answer on

18 November 2003

Answered on

18 November 2003

Mr. Webb: To ask the Secretary of State for Work and Pensions pursuant to the answer of 6 November 2003, Official Report, column 806W, on pensions, if he will estimate (a) the gross cost and (b) the cost net of savings on means tested benefits and increased income tax revenues of a combined policy of age additions to the basic state pension of (i) £10 per week at 75 and (ii) a further £5 a week at 80 from April 2004. [138464] Malcolm Wicks: The estimated gross cost and the cost net of savings on means tested benefits and increased income tax revenues of a combined policy of age additions to the basic state pension of £10 per week at 75 and a further £5 a week at 80 from April 2004 are set out in the following table: _________________________________________________________________________________________________. £ billion Gross cost 3.0 Net cost 1.8 _________________________________________________________________________________________________. Notes: 1. Options (i) and (ii) have been costed jointly. 2. Figures are in 2003-04 price terms and are rounded to the nearest £100 million. 3. Gross costs are estimated by the Government Actuary's Department. 4. Income-related benefit offsets are calculated using the DWP policy simulation model. 5. Income tax revenue increases calculated by the Inland Revenue using the 2000-01 Survey of Personal Incomes and April 2003 Budget forecasts. 6. The age addition increases are assumed to be flat-rate increases and are paid in full to all pensioners of applicable age.

Date

18 November 2003

Reference

138464; 413 c791W;413 (Not in Bound Volume)

House

House of Commons

Dept for Transport

To ask the Secretary of State for Transport, if he will make a statement on the decision by Network Rail to close its final salary pension scheme.

Asked by

Robert N Wareing (Labour)

Answering body

Department for Transport

Type

Written questions

Status

Answered

Date

18 November 2003

Reference

139159; 413 c733W;413 c733-4W

House

House of Commons

Dept for Transport

Answered by

Kim Howells (Labour)

Answering body

Department for Transport

Type

Oral answers to questions

Date

18 November 2003

Reference

413 c604-5

House

House of Commons

Dept for Transport

Answered by

Kim Howells (Labour)

Answering body

Department for Transport

Type

Oral answers to questions

Date

18 November 2003

Reference

413 c604-5

House

House of Commons

Dept for Transport

To ask the Secretary of State for Transport, if he will make a statement on the decision by Network Rail to close its final salary pension scheme.

Asked by

Alan Simpson (Labour)

Answering body

Department for Transport

Oral questions - Lead

Status

Answered

Date

18 November 2003

Reference

413 c604-5; 138859

House

House of Commons

Dept for Transport

To ask the Secretary of State for Transport, if he will make a statement on the decision by Network Rail to close its final salary pension scheme.

Asked by

David Drew (Labour; Co-operative Party)

Answering body

Department for Transport

Oral questions - Lead

Status

Answered

Date

18 November 2003

Reference

413 c604-5; 138864

House

House of Commons

Bach, Lord

What benefits will be payable when the planned changes to the Armed Forces Pension Scheme take effect in 2005 to war widows aged 70 or over who are: (a) pre-1973 war widows with their own state retirement pension; (b) pre-1973 war widows without their own state retirement pension; (c) post-1973...

Asked by

Lord Morris of Manchester (Labour)

Type

Written questions

Status

Answered

Date

18 November 2003

Reference

654 c279-80WA; HL 5272

House

House of Lords

Dept for Transport

Supplementary on the decision by Network Rail to close its final salary pension scheme.

Asked by

Christopher Chope (Conservative)

Answering body

Department for Transport

Oral questions - 1st Supplementary

Status

Answered

Date

18 November 2003

Reference

413 c605-6

House

House of Commons

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