§ Mr. Mike Thomas
asked the Secretary of State for Social Services what was the total actuarial value of the pensions of all employees in the National Health Service currently receiving £15,000 per annum or over at the latest available date; what were the numbers of persons involved; and what were the comparable figures a year earlier.
§ Dr. Owen
The NHS supperannuation scheme does not differentiate between 231W members according to their level of earnings, so the total pension liability of those in particular earnings groups is not separately determined. In his report on the valuation of the scheme as at 31st March 1969 the Government Actuary assessed the total value of future awards of personal pensions and lump sums on the retirement of all those who were members of the scheme at that date at £916 million. A report on the scheme as at 31st March 1974 is expected to be published later this year.