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1689297

registered interest
date	16/02/2024
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 are being taken to ensure the accurate calculation of pensions for eligible individuals in the context of the McCloud remedy.
tabling member constituency	North Ayrshire and Arran
tabling member printed	Patricia Gibson
uin	14218
answer	answer is ministerial correction date of answer 21/02/2024 answer text <p>The Public Service Pensions and Judicial Offices Act 2022 (the Act) provides remedy for discrimination that arose when new public service pensions schemes were introduced between 2014 and 2016. The Act provides that members must be provided with a remediable service statement which provides detailed information about their pension benefits, including any corrections to lump sum benefits, pension benefits or contributions required by the Act. The Act and HM Treasury directions specify the information that must be provided in the remediable service statement. Scheme Managers are responsible for complying with the requirements of the Act and Treasury Directions, and providing accurate information.</p> answering member constituency Sevenoaks answering member printed Laura Trott question first answered 21/02/2024 16:39:07 answering member 4780 label Biography information for Laura Trott
tabling member	4435 label Biography information for Patricia Gibson

1688647

registered interest
date	08/02/2024
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 his Department is taking to help support eligible individuals following the McCloud Remedy.
tabling member constituency	North Ayrshire and Arran
tabling member printed	Patricia Gibson
uin	13720
answer	answer is ministerial correction date of answer 19/02/2024 answer text <p>The Public Service Pensions and Judicial Offices Act 2022 provides remedy for discrimination that arose when new public service pensions schemes were introduced between 2014 and 2016. The remedy has two main elements: older “legacy” pension schemes were closed as of 1 April 2022 to equalise future accrual in newer “reformed” schemes; and, from 1 October 2023 all affected members are being given a choice at retirement (or within 18 months of 1 October 2023 for those who have already retired) as to whether to receive legacy or reformed scheme benefits for the remedy period.</p> answering member constituency Sevenoaks answering member printed Laura Trott question first answered 19/02/2024 15:06:03 answering member 4780 label Biography information for Laura Trott
tabling member	4435 label Biography information for Patricia Gibson

1688117

registered interest
date	07/02/2024
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 recent steps he has taken to ensure pension remediation for public sector workers affected by the McCloud judgement.
tabling member constituency	Edinburgh West
tabling member printed	Christine Jardine
uin	13617
answer	answer is ministerial correction date of answer 20/02/2024 answer text <p>The Public Service Pensions and Judicial Offices Act 2022 provides remedy for discrimination that arose when new public service pensions schemes were introduced between 2014 and 2016. The remedy has two main elements: older “legacy” pension schemes were closed as of 1 April 2022 to equalise future accrual in newer “reformed” schemes; and, from 1 October 2023 all affected members are being given a choice at retirement (or within 18 months of 1 October 2023 for those who have already retired) as to whether to receive legacy or reformed scheme benefits for the remedy period.</p> answering member constituency Sevenoaks answering member printed Laura Trott question first answered 20/02/2024 15:05:09 answering member 4780 label Biography information for Laura Trott
tabling member	4634 label Biography information for Christine Jardine

1685471

registered interest
date	29/01/2024
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 estimate he has made of the number of people who will (a) experience financial detriment to their public sector pension and (b) delay retirement following the McCloud Remedy.
tabling member constituency	North Ayrshire and Arran
tabling member printed	Patricia Gibson
uin	11822
answer	answer is ministerial correction date of answer 01/02/2024 answer text <p>The Public Service Pensions and Judicial Offices Act 2022 provides remedy for discrimination that arose when new public service pensions schemes were introduced between 2014 and 2016. No individual will experience detriment to their public service pension or need to delay their retirement. All eligible members will be able to choose to receive pension benefits in relation to pensionable service during the remedy period (from the new scheme or legacy scheme) of the greatest value to them.</p> answering member constituency Sevenoaks answering member printed Laura Trott question first answered 01/02/2024 17:45:51 answering member 4780 label Biography information for Laura Trott
tabling member	4435 label Biography information for Patricia Gibson

1604119

registered interest
date	14/03/2023
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 many people are enrolled in a public sector pension scheme but do not yet receive a pension under that scheme; and if he will publish a breakdown of those figures by (a) employer and (b) age.
tabling member constituency	Sleaford and North Hykeham
tabling member printed	Dr Caroline Johnson
uin	165480
answer	answer is ministerial correction date of answer 17/03/2023 answer text <p>Membership data as of the last quadrennial valuation reports for each scheme is available on <a href="https://www.gov.uk/government/publications/public-service-pensions-2016-actuarial-valuation-reports" target="_blank">gov.uk</a>. The Treasury does not hold age data or a breakdown by individual employer for each public sector pension scheme centrally and does not plan to collate or publish such data.</p> answering member constituency Salisbury answering member printed John Glen question first answered 17/03/2023 15:06:51 answering member 4051 label Biography information for John Glen
tabling member	4592 label Biography information for Dr Caroline Johnson

1604134

registered interest
date	14/03/2023
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 estimate he has made of the cost to the public purse of public sector pensions in each of the next 20 years.
tabling member constituency	Sleaford and North Hykeham
tabling member printed	Dr Caroline Johnson
uin	165484
answer	answer is ministerial correction date of answer 17/03/2023 answer text <p>The Office for Budget Responsibility’s <a href="https://obr.uk/frs/fiscal-risks-and-sustainability-july-2022/" target="_blank">Fiscal Risks and Sustainability Report</a> forecasts expenditure on unfunded public service pensions is expected to fall from around 2% of GDP in 2021/22 to 1.8% of GDP in 2041/42.</p> answering member constituency Salisbury answering member printed John Glen question first answered 17/03/2023 17:15:53 answering member 4051 label Biography information for John Glen
tabling member	4592 label Biography information for Dr Caroline Johnson

1547663

registered interest
date	02/12/2022
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 recent assessment he has made of the adequacy of restrictions on transfers from public sector pension schemes to defined contribution schemes.
tabling member constituency	Ceredigion
tabling member printed	Ben Lake
uin	101769
answer	answer is ministerial correction date of answer 07/12/2022 answer text <p>The Government acknowledges that for unfunded Public Service Pension Schemes, outward transfers are limited under the Pensions Act 2015 to schemes where members cannot avail themselves of pension draw down flexibilities introduced by that Act. This is because draw down would increase the upfront cost of these unfunded schemes to taxpayers.</p><p> </p><p>Where members move on from their public service employer, they can generally choose to become deferred members of their current pension scheme, which will see their rights in reformed 2015 Public Service Pension Schemes accrued up to this point fully price protected through continuing revaluations up to retirement.</p> answering member constituency Salisbury answering member printed John Glen question first answered 07/12/2022 15:09:45 answering member 4051 label Biography information for John Glen
tabling member	4630 label Biography information for Ben Lake

1505176

registered interest
date	05/09/2022
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 estimate of the number of people expected to be affected by the Pensions Increase (Review) Order 2022 (S.I. 2022/333) in the 2023/24 financial year.
tabling member constituency	Leicester South
tabling member printed	Jonathan Ashworth
uin	47544
answer	answer is ministerial correction date of answer 20/09/2022 answer text <p>Section 59 of the Social Security Pensions Act 1975 (as amended) read with the Pensions (Increase) Act 1971 (as amended) provides for public service pensions to be increased annually by the same percentage as State additional pensions (State Earnings Related Pension and State Second Pension). State additional pensions were increased by 3.1 per cent from April 2022, in line with the increase in the Consumer Prices Index (CPI) in the 12 months from September 2020 to September 2021. From 11 April 2022, most public service pensions in payment were also increased by the same percentage, with pro-rata increases for those in payment for less than a year.</p><p> </p><p>The Pensions Increase (Review) Order 2022 covers “official pensions,” which are those pensions listed in Schedule 2 of the Pensions (Increase) Act 1971. This covers most public service pensions. There are, however, also a small number of other schemes (which are not official pensions) where the benefits are increased by analogy with official pensions under the rules applying to those schemes.</p><p> </p><p>Official pensions are increased as specified within the annual Pension Increase (Review) Orders, and the Order applies to a pension that began before or during the 12 months before the date that the Order commences and where the pension satisfies a condition qualifying for pension increases to be paid. The pensions increase is therefore usually paid to recipients aged 55 and over, or those aged less than 55 who are in receipt of a survivor's pension, or a pension paid on account of ill health.</p><p> </p><p>Pensions increases also apply to pensions in deferment, although the entitlement arises only when the pension comes into payment and the recipient satisfies a qualifying condition. Members currently accruing further pension benefits in schemes covered by these indexation provisions will also be entitled to receive increases under Pension Increase Orders and some who retire in future, particularly in the next few years, might be entitled to increases under the Pensions Increase Order 2022.</p><p> </p><p>Those affected by the Pension Increase (Review) Order 2022 in the 2022/23 financial year are therefore likely to equal:</p><ol><li>Total public service pensions in payment;</li><li>Total public service pensions in deferment, most of which would be affected in due course;</li><li>A proportion of total public service pensions still accruing, where some future pensions in payment and deferment might in due course be affected by the 2022 Order. That proportion cannot be readily assessed as it will depend on many variable and unknown factors, including future decisions by members about careers and retirements.</li></ol><p> </p><p>Table 2 of the last ONS Occupational Pension Schemes Survey, assessing data up to 2019, estimated that there were then 5.3 million public sector pensions in payment; 4.7 million deferred public sector pensions; and 6.6 million active members of public sector pension schemes. However, this data will also include a small proportion of members who, for example, have defined contribution pensions and are not in arrangements necessarily affected by the Pension Increase (Review) Order 2022.</p><p> </p><p>In addition to those noted above, some private sector scheme rules provide that the defined benefit pensions of some or all members will increase in line with increases applying to official pensions.</p><p> </p><p>A further Pensions Increase (Review) Order will be made for the 2023/24 financial year, which would allow for movements in prices since the previous assessment based on September 2021 CPI.</p> answering member constituency Croydon South answering member printed Chris Philp question first answered 20/09/2022 12:12:22 answering member 4503 label Biography information for Chris Philp
tabling member	4244 label Biography information for Jonathan Ashworth

1489549

registered interest
date	15/07/2022
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, who officials in his Department have consulted in the development of its response to the consultation on the methodology used to set the SCAPE discount rate.
tabling member constituency	Wolverhampton South East
tabling member printed	Pat McFadden
uin	37471
answer	answer is ministerial correction date of answer 21/07/2022 answer text <p>I refer the rt Hon Member to my answer of 19 July to PQ UIN 36751.</p> answering member constituency Middlesbrough South and East Cleveland answering member printed Mr Simon Clarke question first answered 21/07/2022 06:56:38 answering member 4655 label Biography information for Sir Simon Clarke
tabling member	1587 label Biography information for Pat McFadden

1489328

registered interest
date	14/07/2022
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 many responses his Department received to its consultation on the methodology the Government uses to set the SCAPE discount rate.
tabling member constituency	Leeds West
tabling member printed	Rachel Reeves
uin	36751
answer	answer is ministerial correction date of answer 19/07/2022 answer text <p>The SCAPE discount rate is used in the valuation of unfunded public service pension schemes to set employer contribution rates and is set by HM Treasury following a prescribed methodology. A consultation was published in June 2021 seeking views on the objectives for the SCAPE discount rate and the most appropriate methodology going forward.</p><p> </p><p>Following the consultation’s publication, the Government ran engagement sessions to ensure stakeholders were given the opportunity to express their views. Meetings were also held with members of Scheme Advisory Boards from across the UK relating to each public service workforce, and views were sought from the Government Actuary. Most stakeholders have followed up with formal written responses.</p><p> </p><p>The Government has received 51 responses from a broad range of respondents. These include individuals, trade unions and other member representative bodies, Scheme Advisory Boards, employers and employer representative bodies, actuarial and pensions specialists, and pensions administrators.</p>The consultation response will be published in due course. answering member constituency Middlesbrough South and East Cleveland answering member printed Mr Simon Clarke question first answered 19/07/2022 13:56:07 answering member 4655 label Biography information for Sir Simon Clarke
tabling member	4031 label Biography information for Rachel Reeves