Police: Pensions

(asked on 29th October 2018) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to page 24 of Budget 2018, how much funding from the reserves for additional pension costs for Departments as a result of the pensions valuations process he plans to allocate to policing in 2019-20.


Answered by
Elizabeth Truss Portrait
Elizabeth Truss
This question was answered on 1st November 2018

At Budget 2016 we identified likely pressures on employer contributions to public service pensions of £2 billion and set out that these costs would need to be met within existing budgets. 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.

As the Chancellor said in his Budget speech, the Home Secretary will review police spending power and further options for reform when he presents the provisional police funding settlement in December.

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