Public Sector Pension Schemes

HC Deb 25 March 2003 vol 402 cc145-6W

David Davis

To ask the Secretary of State for Education and Skills how much money he has allocated to compensate for deficits in public sector pension schemes. [104527]

Mr. Charles Clarke

The only public service pension scheme for which this Department has responsibility is the unfunded Teachers' Pension Scheme. The Government Actuary has recently produced his report on the valuation of the scheme as at 31 March 2001. As part of changes made to the long term funding arrangements of the scheme, the values of the assets and liabilities were determined to be equal at that date. As a result, the scheme has no deficit. A copy of the Government Actuary's report is available from the Library.