Public Service Pension Reform

Danny Alexander Excerpts

Monday 19th November 2012 Written Statements

[The Chief Secretary to the Treasury (Danny Alexander)]

The Government have previously committed to reforming the Fair Deal policy and to delivery of this by offering access to public service pension schemes to staff who are compulsorily transferred out of the public sector.

The Government have today published a response to the consultation on the Fair Deal policy, which sets out further detail on the reformed Fair Deal policy for future staff transfers.

The document also contains some further questions for consultation, which will explore how Fair Deal should apply to those employees that have already been transferred out under existing Fair Deal when contracts are retendered. The publication also contains draft guidance setting out further details on how the policy will work in practice.

The Government welcome contributions from all interested groups.

The consultation document has been deposited in the Libraries of both Houses and can be found on the HM Treasury website at:

http://www.hm-treasury.gov.uk/consult_fair_deal_policy_ pensions _publicsector.htm.

The consultation will close on 11 February 2013.

The Government have also published two policy papers which set out further detail on the Government’s policy on actuarial valuation of public service pension schemes, and the operation of the employer cost-cap in the public service schemes. These documents have been deposited in the Libraries of both Houses and can be found on the HM Treasury website at:

http://www.hm-treasury.gov.uk/tax_pensions_resources.htm.