|
|
Mr. Willetts: To ask the Chancellor of the Exchequer how much money was received by the Exchequer in each of the financial years1994-95 to 1998-99 as a result of the reinstatement of public service employees who were mis-sold personal pensions into publicservice pension schemes. [102796]Mr. Andrew Smith: Public service pension schemes first received receipts in 1996-97 to pay for the reinstatement of employeesidentified under Phase 1 of the mis-selling review as having been mis-sold personal pensions. Receipts from this source, which arematched by future benefits to pensioners, have been received in all subsequent years but not all of the unfunded schemes financedfrom the Exchequer have separately identified receipts from this source throughout this period. With the exception of the NHSPensions Scheme, the profile of Exchequer receipts relating to the main public service pension schemes is estimated as follows:_________________________________________________________________________________________________.Year £ million1994-95 01995-96 01996-97 11997-98 441998-99 115_________________________________________________________________________________________________.In addition, receipts relating to the NHS Pensions Scheme up to the end of 1998-99 totalled approximately £500 million, of which£227 million was received between August 1998 and March 1999, and the balance between October 1996 and July 1998. A more detailedbreakdown of these receipts could be obtained only at disproportionate cost. These figures exclude receipts by public servicepension schemes which are not financed by the Exchequer, such as the Local Government Pension Scheme. |