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1002478

registered interest
date	06/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Higher Education: Pensions
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what plans, if any, they have to provide an estimate of the cumulative financial impact on the higher education sector as a result of the actuarial valuation changes to the (1) Teachers' Pension Scheme, (2) Local Government Pension Scheme, and (3) NHS Pension Scheme.
tabling member printed	Baroness Garden of Frognal
uin	HL11319
answer	answer is ministerial correction date of answer 19/11/2018 answer text <p>The quadrennial valuations of public service pension schemes are ongoing. Precise financial impacts will not be known until the valuations are finalised.</p> answering member printed Lord Bates question first answered 19/11/2018 16:25:21 answering member 1091 label Biography information for Lord Bates
tabling member	3842 label Biography information for Baroness Garden of Frognal

1002480

registered interest
date	06/11/2018
answering body	Department for Education
answering dept id	60
answering dept short name	Education
answering dept sort name	Education
hansard heading	Higher Education: Pensions
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what level of funding they intend to make available to higher education institutions to mitigate the impact of changes to employer contributions on the Teachers’ Pension Scheme.
tabling member printed	Baroness Garden of Frognal
uin	HL11321
answer	answer is ministerial correction date of answer 15/11/2018 answer text <p>​The department will be consulting on the impact that these costs will impose on all institutions covered by the Teachers’ Pension Scheme, including those in the higher education (HE) sector, and will decide what action should be taken.</p><p>At present, the department proposes to provide funding to schools, including state-funded, non-maintained special schools and independent special schools to cover increased pensions costs to ensure that funding is allocated where it is most needed.</p><p>​This includes proposed funding for those further education (FE) providers obliged to offer the Teachers’ Pension Scheme, consisting of general FE colleges, sixth form colleges, designated institutions (including the new designated institutions that form part of HE institution group structures), specialist post-16 institutions and adult &amp; community learning providers (local authority provision).</p> answering member printed Viscount Younger of Leckie question first answered 15/11/2018 16:17:49 answering member 4169 label Biography information for Viscount Younger of Leckie
tabling member	3842 label Biography information for Baroness Garden of Frognal

1002481

registered interest
date	06/11/2018
answering body	Department for Education
answering dept id	60
answering dept short name	Education
answering dept sort name	Education
hansard heading	Higher Education: Pensions
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether they anticipate an increase in employer contributions for higher education institutions on the Teachers’ Pension Scheme following changes to actuarial valuations in 2019–20; and if so, what estimate they have made of the amount such an increase will represent.
tabling member printed	Baroness Garden of Frognal
uin	HL11322
answer	answer is ministerial correction date of answer 15/11/2018 answer text <p>For the financial year 2019-20, the changes will be implemented from 1 September 2019 for which the department estimates that £1.1 billion more will need to be put into the Teachers’ Pension Scheme by employers to ensure teachers’ pensions remain generous and attractive to the profession. Of the estimated £1.1 billion, affected higher education institutions are expected to put in £80 million.</p> answering member printed Viscount Younger of Leckie question first answered 15/11/2018 15:27:34 answering member 4169 label Biography information for Viscount Younger of Leckie
tabling member	3842 label Biography information for Baroness Garden of Frognal