HC Deb 21 June 2002 vol 387 c586W
Matthew Taylor

To ask the Chancellor of the Exchequer, pursuant to his answer of 22 April 2002, to the hon. Member for Glasgow, Pollock (Mr. Davidson),Official Report,column 92W, on pension liabilities, if he will list the liabilities of the UK Government to unfunded public service pension schemes broken down by pension scheme; and what assessment he has made of the proportion of the rise in liabilities in recent years due to (a)wage inflation, (b)longevity, (c)extension of the rights of part time workers and (d)other factors; and if he will make a statement. [63205]

Mr. Boateng

For the main unfunded schemes' liabilities as at 31 March 2001 I refer the hon. Gentleman to my answer of 12 June,Official Report,columns 1290–91W. There is an underlying increase in the cash values of about 13 per cent. since March 1998. Precise figures are not available for the proportion of the overall rise which is due to the factors specified, but well over half is the result of inflation and most of the rest is due to earnings growth.