Question to the HM Treasury:
To ask the Chancellor of the Exchequer, when his Department completed the quadrennial valuations of the public service pension schemes; and when the change in cost was communicated to police forces.
The current quadrennial valuations of the public service pension schemes are ongoing. At Budget 2016 we identified likely pressures on employer contributions to public service pensions of £2 billion. The valuations indicate that there will be additional costs to employers, above the level previously envisaged. The Budget confirms that additional funding of £4.7 billion has been allocated to the reserve to cover these expected additional costs.