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1148170
unstar this property registered interest false more like this
star this property date less than 2019-10-03more like thismore than 2019-10-03
star this property answering body
Treasury more like this
star this property answering dept id 14 remove filter
unstar this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Public Sector: Pensions more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what progress has been made on the public sector pension scheme valuation. more like this
star this property tabling member constituency Lanark and Hamilton East more like this
star this property tabling member printed
Angela Crawley remove filter
star this property uin 294204 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-10-07more like thismore than 2019-10-07
star this property answer text <p>Valuations of the public service pension schemes are carried out every four years. The valuations set employer contribution rates to ensure the full costs of pensions are recognised and met by employers at the point scheme liabilities arise. The last valuations of the schemes considered the position as at 31 March 2016 and were completed earlier this year. Employer contribution rates have been set and came into effect on 1 April 2019. On 19 January the then Chief Secretary to the Treasury made a written statement (HCWS1286) announcing a pause to the cost control element of the valuations. The pause was necessary following a court ruling that an element of the reforms made to schemes in 2015 gave rise to unlawful discrimination. The matter has been remitted to the Employment Tribunal to determine how the discrimination is to be remedied. The Government has confirmed that it will take steps to remedy the discrimination in all public service pension schemes. Until a remedy is agreed it is not possible to assess the value of the public service pension schemes with any certainty at this time.</p><p> </p>
star this property answering member constituency Richmond (Yorks) more like this
star this property answering member printed Rishi Sunak more like this
star this property question first answered
less than 2019-10-07T14:17:38.903Zmore like thismore than 2019-10-07T14:17:38.903Z
star this property answering member
4483
star this property label Biography information for Rishi Sunak more like this
star this property tabling member
4469
unstar this property label Biography information for Angela Crawley more like this