HL Deb 07 November 2002 vol 640 c130WA
Lord Hayhoe

asked Her Majesty's Government:

What is the estimated liability represented by unfunded public service pensions over each of the next five years. [HL6176]

Lord McIntosh of Haringey:

Estimated expenditure on unfunded public service pensions, net of employee contributions, in 2002–03 totals about £13.2 billion. The Government Actuary has estimated corresponding net expenditure in 2007–08 will be £13.8 billion assuming constant earnings. The total over the five-year period is estimated to be about £68 billion net at constant earnings.

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