Public Sector: Pensions

(asked on 31st October 2018) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the Answer of 31 October 2018 to Question 184429 on Public Sector: Pensions, whether the effect on budges of the previously envisaged cost was communicated to police forces in advance of the Written Statement of 6 September 2018 on quadrennial valuations of the public service pension schemes.


Answered by
Elizabeth Truss Portrait
Elizabeth Truss
This question was answered on 9th November 2018

Budget 2016 identified expected pressures on employer contributions to public service pensions of £2 billion. The Home Office communicated with the National Police Chiefs Council on the issue shortly after Budget 2016, explaining the need to consider the matter within the wider context of the imminent scheme valuation. The scheme valuation, carried out by the Government Actuary’s Department, is ongoing. Budget 2018 confirmed additional funding for expected costs in excess of the level envisaged at Budget 2016. Government will review police spending power and further options for reform at the provisional police funding settlement in December.

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