Public Sector: Pensions

(asked on 26th October 2018) - View Source

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.


Answered by
Elizabeth Truss Portrait
Elizabeth Truss
This question was answered on 31st October 2018

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.

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