HC Deb 30 September 1909 vol 11 c1423

asked the Secretary to the Treasury whether he will lay upon the Table a copy of the actuarial calculation upon which the scheme under the Superannuation Act is based?


The actuaries, on whose report the provisions of the Superannuation Act, 1909, are based, were asked to advise whether the new scheme of superannuation recommended by the Courtney Commission in 1903 could be introduced for all future Civil servants without increasing the non-effective charge on public funds, and what modifications, if any, should be made in that scheme in order to satisfy this condition and to enable the scheme to be applied, with substantial justice, to existing Civil servants. The actuaries reported that somewhat more favourable terms than those contemplated by the Courtney Commission could be given, and they submitted alternative schemes for this purpose, one of which schemes was made the basis of the new Act. The Treasury is not, however, in possession of the calculations on which the report was based.