§ Mr. Austin Mitchellasked the Minister for the Civil Service, further to his reply dated 18 March concerning Civil Service pensions, whether he will provide information showing how much was paid by way of pension to civil servants in 1979 and how much would have been paid into a pension fund if the employee contribution and the notional employer contribution had actually been paid into a pension fund.
§ Mr. ChannonThe total cost of Civil Service superannuation will be about £580 million in 1979–80. For the same period, the employee contribution and a notional employer contribution to a funded scheme would amount to between £650 million and £700 million. Such a contribution would, however, be re-346W lated to the accruing liabilities of the scheme and should not be compared with actual pension payments in 1979–80.
§ Mr. Austin Mitchellasked the Minister for the Civil Service, further to his reply dated 18 March concerning Civil Service pensions, if he will provide information showing what the employer and employee contributions would be on a typical (a) senior executive pension scheme and (b) a normal employee's private sector pension scheme.
§ Mr. ChannonThe results of the Government Actuary's 1979 survey of pension schemes are not yet available. Other recent surveys suggest, however, that for a normal employee's scheme typical contributions might be:
Employee Per Cent Staff Schemes … … … 4.9 Works Schemes … … … 3.8 Combined Scheme … … … 4.7 All schemes … … … 4.6
Employer Per Cent Staff Schemes … … … 13.1 Works Schemes … … … 7.8 Combined Scheme … … … 10.8 All Schemes … … … 11.3 There are wide variations in the contributions paid in senior executive schemes. It would be misleading to suggest that any single figure was typical.