Local Government

Communities and Local Government written question – answered on 16th October 2006.

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Photo of David Laws David Laws Shadow Secretary of State for Work and Pensions

To ask the Secretary of State for Communities and Local Government what the annual saving would be from increasing the employee contribution rate of the local government pension scheme by one per cent.; and if she will make a statement.

Photo of Phil Woolas Phil Woolas Minister of State (Local Government & Community Cohesion), Department for Communities and Local Government

It is estimated that a 1 per cent. increase in employee contributions would now generate an additional £270 million towards the total annual contribution income of the Local Government Pension Scheme, which totalled some £4.9 billion in 2004-05, made up of employers' contributions of some £3.5 billion and employees' contributions of some £1.4 billion.

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