§ Mrs. LaitTo ask the Secretary of State for Education and Employment what is the state's total liability at 2001 prices to pay teachers' pensions, assuming that all existing contributors retire and that all pensioners die at the age projected by the scheme's actuaries. [148006]
§ Mr. WicksThe latest actuarial valuation of the Teachers' Pension Scheme (England and Wales), carried out as at 31 March 1996, estimated the total value of the accrued liabilities, including pension increases, to be about £76 billion as at 31 March 1996.