§ Mr. ThomasonTo ask the Secretary of State for Northern Ireland if he will make a statement on the report by the Government Actuary on his valuation of the health and personal social services superannuation scheme in Northern Ireland 1984 to 1989. [7118]
§ Mr. MossI have placed copies of the report in the Library.
The report concludes that the rate of contribution required from employers to meet the scheme's future liabilities, after taking account of employees' contributions, should remain at 4 per cent. The scheme's 382W liabilities do not include the cost of pensions increases, most of which are currently met by the Exchequer.
I have decided to accept the actuary's recommendation.