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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>

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>

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>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/1561", "label" : {"_value" : "Biography information for Mr Nick Hurd"} } , "answeringMemberConstituency" : {"_value" : "Ruislip, Northwood and Pinner"} , "answeringMemberPrinted" : {"_value" : "Mr Nick Hurd"} , "dateOfAnswer" : {"_value" : "2018-12-04", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2018-12-04T16:03:34.58Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "1"} , "answeringDeptShortName" : {"_value" : "Home Office"} , "answeringDeptSortName" : {"_value" : "Home Office"} , "date" : {"_value" : "2018-11-26", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Fire and Rescue Services: Workplace Pensions"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "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.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4614", "label" : {"_value" : "Biography information for Hugh Gaffney"} } , "tablingMemberConstituency" : {"_value" : "Coatbridge, Chryston and Bellshill"} , "tablingMemberPrinted" : [{"_value" : "Hugh Gaffney"} ], "uin" : "195652"} ], "itemsPerPage" : 10, "page" : 0, "startIndex" : 1, "totalResults" : 1, "type" : ["http://purl.org/linked-data/api/vocab#ListEndpoint", "http://purl.org/linked-data/api/vocab#Page"]} }