§ Mr. Damian GreenTo ask the Secretary of State for Education and Skills what the additional cost is to each local education authority of the increase in employers' contributions to the Teachers' Pension Scheme announced on 13 March in the(a) financial year 2003–04 and (b) school year 2003–04. [105571]
§ Mr. MilibandIt will not be possible to calculate the additional cost of the increase in employers' contributions to the Teachers' Pension Scheme for each local education authority for 2003–04 until we have analysed the contributions data for March and April 2003.
732WNationally, a total of £650 million has been transferred into Education Formula Spending to meet the costs of the 4.75 per cent. increase in employers' contribution that arises from the inclusion of the costs of pensions increase on the scheme. This comprises a baseline adjustment to the Education Formula Spending total of £586 million; £20 million to meet the additional costs of Threshold grant payments; and a £44 million transfer to the Learning and Skills Council in respect of sixth forms.