Teachers' Superannuation Account

HC Deb 11 March 1954 vol 524 cc184-6W

Mr. Hannan

asked the Secretary of State for Scotland for the figures of income and expenditure of the Teachers' Superannuation Account for each of the years 1949 to 1953 and other details in the same form as contained in Appendix Table 2 of the Report by the Government Actuary of 23rd February, 1951.

Mr. J. Stuart

Figures of income and expenditure and other details as contained in Appendix, Table 2 of the Government Actuary's Report are given in the following table for the years 1949 and 1950. Details for the years 1951, 1952 and 1953 are not available, as the accounts for these years have not yet been completed, but estimates of the total income and expenditure, the balance at credit of the account, and the amount charged to the Exchequer are shown in the Table.

Year ended 31st March	Income	Expenditure in respect of service on and after 1st June, 1922	Balance at credit of Account at end of year	Amount charged to Exchequer in respect of service prior to 1st June. 1922
Contributions	Interest and other income	Total income	Pensions	Lump sums	Other expenditure	Total expenditure
1949	…	…	1,565,746	951,359	2,517,105	555,356	248,679	117,271	921,306	28,201,616	787,107
1950*	…	…	1,605,794	1,007,189	2,612,983	622,486	272,799	119,536	1,014,821	29,799,670	792,417
1951	…	…	—	—	2,700,000	—	—	—	1,200,000	31,300,000	800,000
1952	…	…	—	—	3,200,000	—	—	—	1,300,000	33,200,000	800,000
1953	…	…	—	—	3,400,000	—	—	—	1,400,000	35,200,000	800,000
* Subject to correction on audit