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1015122
star this property registered interest false remove filter
star this property date less than 2018-11-26more like thismore than 2018-11-26
star this property answering body
Home Office more like this
star this property answering dept id 1 more like this
star this property answering dept short name Home Office remove filter
star this property answering dept sort name Home Office more like this
unstar this property hansard heading Fire and Rescue Services: Pensions remove filter
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 Secretary of State for the Home Department, what assessment he has made of the effect of the recent reduction in the discount rate for public service pension schemes on the financial stability of fire services. more like this
star this property tabling member constituency Coatbridge, Chryston and Bellshill more like this
star this property tabling member printed
Hugh Gaffney remove filter
star this property uin 195652 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 2018-12-04more like thismore than 2018-12-04
star this property answer text <p>The Government proposed a change to the discount rate in September. This change was confirmed at the Budget in October. Provisional valuation results suggest employers will need to pay more into schemes from 2019/20.</p><p>At the Budget, the Treasury allocated extra funding to the reserve for 2019/20 to cover the unexpected additional costs arising from this change to the discount rate, including for fire. Provisional results indicate fire will pay an additional £10 million next year.</p><p>Fire services have the resources to do their work. At March 2018 the standalone FRAs held £545 million in reserves, equivalent to 42 percent of the core spending power.</p> more like this
star this property answering member constituency Ruislip, Northwood and Pinner more like this
star this property answering member printed Mr Nick Hurd more like this
star this property question first answered
less than 2018-12-04T16:03:34.58Zmore like thismore than 2018-12-04T16:03:34.58Z
star this property answering member
1561
star this property label Biography information for Mr Nick Hurd more like this
star this property tabling member
4614
star this property label Biography information for Hugh Gaffney more like this