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1148170

registered interest
date	03/10/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Sector: Workplace Pensions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what progress has been made on the public sector pension scheme valuation.
tabling member constituency	Lanark and Hamilton East
tabling member printed	Angela Crawley
uin	294204
answer	answer is ministerial correction date of answer 07/10/2019 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> answering member constituency Richmond (Yorks) answering member printed Rishi Sunak question first answered 07/10/2019 14:17:38 answering member 4483 label Biography information for Rishi Sunak
tabling member	4469 label Biography information for Angela Crawley

1139104

registered interest
date	15/07/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Sector: Workplace Pensions
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what plans they have, if any, to change the pension arrangements for senior public servants, especially doctors in the NHS, as they approach retirement.
tabling member printed	Lord Trefgarne
uin	HL17189
answer	answer is ministerial correction date of answer 19/07/2019 answer text <p>The government keeps public sector pensions policy under constant review in the context of the wider public finances.</p><p> </p><p>The Secretary of State for Health and Social Care will shortly publish a consultation on proposals for a new flexibility for senior clinicians in the NHS pension scheme via the introduction of a 50:50 option.</p><p> </p> answering member printed Lord Young of Cookham question first answered 19/07/2019 11:07:28 answering member 57 label Biography information for Lord Young of Cookham
tabling member	1813 label Biography information for Lord Trefgarne

1134473

registered interest
date	25/06/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Sector: Workplace Pensions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps the Government has taken to implement its response to the Indexation and equalisation of the Guaranteed Minimum Pension in public service pension schemes consultation for people reaching state pension age after December 2018.
tabling member constituency	Twickenham
tabling member printed	Sir Vince Cable
uin	268958
answer	answer is ministerial correction date of answer 01/07/2019 answer text <p>The Government has implemented the commitment made in the January 2018 GMP equalisation and indexation consultation response to continue to index the total public service pension, including the GMP, for public servants who reach State Pension age on or after 6 December 2018 and before 6 April 2021.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 01/07/2019 12:31:54 answering member 4097 label Biography information for Elizabeth Truss
tabling member	207 label Biography information for Sir Vince Cable

1125658

registered interest
date	09/05/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Sector: Workplace Pensions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of (a) removing and (b) raising the lifetime pension cap for public sector employees.
tabling member constituency	South Antrim
tabling member printed	Paul Girvan
uin	252614
answer	answer is ministerial correction date of answer 15/05/2019 answer text <p>The Government is committed to public service pensions which are fair to workers and fair to other taxpayers. Public service workers are entitled to defined benefit pension schemes, which are among the best schemes available. Since 2010, the Government has made reforms to limit pensions tax relief for those on the highest incomes that save over £6 billion per year, and are necessary to deliver a fair system and protect the public finances.</p><p> </p><p>The pension tax rules apply equally across all registered public and private sector defined benefit schemes. In April 2016, the lifetime allowance (LTA) was reduced to £1,000,000. However, from April 2018 it has increased in line with CPI. This means for 2019-20 the LTA increased to £1,055,000. This allows savers to continue to make significant amounts of pension savings tax-free, while ensuring incentives to save are targeted across society.</p><p> </p><p>The LTA affects only the wealthiest pension savers. Around 95 per cent of individuals currently approaching retirement have a pension pot worth less than the LTA, while the median pension pot for individuals approaching retirement is around £170,000.</p><p> </p><p>The Government does keep all aspects of the tax system under review through the annual Budget process, in the context of the wider public finances.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 15/05/2019 15:57:50 answering member 4097 label Biography information for Elizabeth Truss
tabling member	4633 label Biography information for Paul Girvan

1104961

registered interest
date	25/03/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Sector: Workplace Pensions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 19 April 2018 to Question 135229 on Public Sector: Pensions, what progress has been made by responsible Departments in implementing the necessary regulatory changes arising from the Walker v. Innospec Limited judgement.
tabling member constituency	Livingston
tabling member printed	Hannah Bardell
uin	236560
answer	answer is ministerial correction date of answer 28/03/2019 answer text <p>Departments responsible for the Police, Firefighters’, NHS, Local Government and Armed Forces pension schemes have made the necessary regulatory changes arising from the Walker v. Innospec Limited judgment. Departments responsible for the Teachers’ and Civil Service pension schemes are in the process of doing so.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 28/03/2019 13:18:27 answering member 4097 label Biography information for Elizabeth Truss
tabling member	4486 label Biography information for Hannah Bardell

1011549

registered interest
date	21/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Sector: Workplace Pensions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how much he has allocated to the Home Office for 2019-20 to cover changes in relation to quadrennial valuations of the public service pension schemes.
tabling member constituency	Sheffield, Heeley
tabling member printed	Louise Haigh
uin	194173
answer	answer is ministerial correction date of answer 26/11/2018 answer text <p>The Budget allocated extra funding to the reserve for 2019-20 to cover an expected £4.7 billion of unforeseen additional costs arising from the ongoing valuations of public service pension schemes. The Treasury is currently working with departments to confirm departmental allocations of this funding.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 26/11/2018 13:37:51 answering member 4097 label Biography information for Elizabeth Truss
tabling member	4473 label Biography information for Louise Haigh

1006980

registered interest
date	14/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Sector: Workplace Pensions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, pursuant to the Answer of 9 November 2018 to Question 186391 on Public Sector: Pensions, when the Government's Actuary Department completed its analysis of the police service pension scheme which led to the revaluations communicated in the Statement of 6 September 2018 on quadrennial valuations of the public service pension schemes.
tabling member constituency	Sheffield, Heeley
tabling member printed	Louise Haigh
uin	191452
answer	answer is ministerial correction date of answer 19/11/2018 answer text <p>As set out in my written statement HCWS945 and in my‎ Answer of 31 October 2018 to Question 186391, the actuarial valuation of the scheme, carried out by the Government Actuary's Department, is ongoing. The statement set out proposed amendments to the directions to be used in the valuations. The Government Actuary's Department is undertaking ongoing valuations based on these directions. The final directions will be published before the end of the year<strong>.</strong></p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 19/11/2018 12:59:57 answering member 4097 label Biography information for Elizabeth Truss
tabling member	4473 label Biography information for Louise Haigh

999736

registered interest
date	01/11/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Sector: Workplace Pensions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to Budget 2018, paragraph 1.60, if he will publish a breakdown of the £4.7 billion of extra DEL allocated to the reserves to cover additional costs arising from the reduction in the discount rate for employer contributions to public sector pension schemes.
tabling member constituency	Barnsley East
tabling member printed	Stephanie Peacock
uin	187161
answer	answer is ministerial correction date of answer 06/11/2018 answer text <p>The valuations of Public Service Pensions Schemes are ongoing. The Treasury is undertaking work with departments and devolved administrations to agree the allocation of the additional funding.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 06/11/2018 15:21:29 answering member 4097 label Biography information for Elizabeth Truss
tabling member	4607 label Biography information for Stephanie Peacock

999290

registered interest
date	31/10/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Sector: Workplace Pensions
house id	1
legislature	25259 pref label House of Commons
question text	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.
tabling member constituency	Sheffield, Heeley
tabling member printed	Louise Haigh
uin	186391
answer	answer is ministerial correction date of answer 09/11/2018 answer text <p>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.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 09/11/2018 14:09:24 answering member 4097 label Biography information for Elizabeth Truss
tabling member	4473 label Biography information for Louise Haigh

995589

registered interest
date	26/10/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Public Sector: Workplace Pensions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, when his Department completed the quadrennial valuations of the public service pension schemes; and when the change in cost was communicated to police forces.
tabling member constituency	Sheffield, Heeley
tabling member printed	Louise Haigh
uin	184429
answer	answer is ministerial correction date of answer 31/10/2018 answer text <p>The current quadrennial valuations of the public service pension schemes are ongoing. At Budget 2016 we identified likely pressures on employer contributions to public service pensions of £2 billion. The valuations indicate that there will be additional costs to employers, above the level previously envisaged. The Budget confirms that additional funding of £4.7 billion has been allocated to the reserve to cover these expected additional costs.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 31/10/2018 13:11:02 answering member 4097 label Biography information for Elizabeth Truss
tabling member	4473 label Biography information for Louise Haigh