§ Mr. RichardsTo ask the Secretary of State for Education and Employment what has been the cost to public funds of the teachers' early retirement scheme for each of the last five years. [14062]
§ Mrs. Gillan[holding answer 3 February 1997]: The estimated total cost to public funds, for the last five years for which data are available, is given in the following table, split between the extra cost of premature retirement to the teachers' superannuation scheme, and the expenditure incurred by public sector teachers' employers on enhancements to teachers' pensions. These are the extra costs within each financial year of pensions payable to all teachers who then or previously retired prematurely.
418W
Year Cost to TSS (£ million)1 Expenditure on enhancement (£ million)2 Total 1990–91 130 60 190 1991–92 150 80 230 1992–93 180 90 270
Year Cost to TSS (£ million)1 Expenditure on enhancement (£ million)2 Total 1993–94 210 110 320 1994–95 230 110 340 1 Estimated from data supplied by teachers' pensions. 2 Derived from RO1 data, and estimates for further and higher education derived from data supplied by teachers' pensions.