§ Mr. HealdTo ask the Secretary of State for Health if he will list the(a) funded and (b) unfunded public sector pension schemes for which his Department, its agencies and its non-departmental public bodies are responsible; when the last actuarial valuation was of each scheme; what the value was of the assets at the last actuarial valuation of each scheme; what deficit is disclosed by the last actuarial valuation of each scheme; and if he will make a statement. [104926]
777W
§ Mr. HuttonThe Department's agencies and non-departmental public bodies are not responsible for any public pension schemes but some do participate in the national health service pension schemes.
The NHS Pension Scheme is unfunded and holds no assets. However, for the purpose of assessing the level of employer contributions a notional account is maintained.
The last NHS Pension Scheme valuation report was published on 9 March 1999 and covered the period 1 April 1989 to 31 March 1994. However, the Government Actuary has since assessed the capitalised value of the scheme's liabilities for past service and assumed future service, including pension increases, as £109.3 billion as at 31 March 1999.