Pension Protection Fund

HC Deb 13 May 2004 vol 421 c550W

Mr. Willetts

To ask the Secretary of State for Work and Pensions whether(a) the Chairman, (b) the Chief Executive and (c) the staff of the Pension Protection Fund will be in pensionable employment liable for the levy to the Pension Protection Fund. [172929]

Malcolm Wicks

As a part of the Pension Protection Fund (PPF) employment terms and conditions the Chairman, the Chief Executive and the staff of the Pension Protection Fund will have the opportunity to join the Principal Civil Service Pension Scheme. This is in line with the pension provision currently provided for OPRA staff. The Principal Civil Service Pension Scheme, along with other similar schemes, is a funded public service pension scheme with a crown guarantee and therefore will not be required to pay the pension protection fund levies.