Unfunded Pension Liabilities

HC Deb 15 July 1996 vol 281 cc370-1W

Mr. David Shaw

To ask the Chancellor of the Exchequer if he will take steps to improve the accounting and financial reporting to Parliament of United Kingdom unfunded pension liabilities. [36351]

Mr. Heathcoat-Amory

The Government are planning to improve the accounting and reporting of the main occupational public service pension schemes administered by central Government. This will take place in the context of the development of resource accounting and budgeting. For each scheme, there will be a scheme statement attached as a note to the departmental resource account. There is further work to be done on the details of these statements, and this will be taken forward in accordance with the timetable for resource accounting published in the White Paper "Better Account for the Taxpayer's money"—Cm 2929.