Public Sector: Workplace Pensions

(asked on 9th January 2025) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will publish the sources of funding for each public sector pension scheme including balancing payments made by her Department for each fiscal year between 2020-21 and 2023-24.


Answered by
Darren Jones Portrait
Darren Jones
Chief Secretary to the Treasury
This question was answered on 17th January 2025

Figures showing the net Exchequer balancing payments for unfunded Public Service Pension Schemes (PSPS), along with details on contribution income and scheme expenditure, are regularly published as part of the OBR’s Economic and Fiscal Outlook (EFO), including outturn figures for the previous fiscal year. For example, the March 2022 EFO includes Exchequer balancing figures for each major PSPS for 2020-21 in the table labelled “March 2022 Economic and fiscal outlook – supplementary fiscal tables: expenditure”: Economic and fiscal outlook - March 2022 - Office for Budget Responsibility The latest publication is included in the October 2024 EFO.

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