Departmental Pensions

Health written question – answered on 30th April 2008.

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Photo of Danny Alexander Danny Alexander Liberal Democrat, Inverness, Nairn, Badenoch and Strathspey

To ask the Secretary of State for Health what the unfunded liability in present value terms was of each public sector pension scheme for which his Department is responsible in each year since 1990-91.

Photo of Ann Keen Ann Keen Parliamentary Under-Secretary (Health Services), Department of Health

Information from 1996-97 to 2006-07, the latest year that pension scheme accounts for the NHS Pension Scheme (England and Wales) are available, is shown in the following table. Comparable information is not available for the years 1990-91 to 1995-96.

There have been various changes in the method of calculation over the years. These include amending the discount rate in 2005-06 and 2006-07 and updating the assumptions on longevity. Direct year-on-year comparisons are therefore not entirely meaningful.

£ billion
1996-97 60.9
1997-98 64.0
1998-99 67.2
1999-2000 72.2
2000-01 75.0
2001-02 86.8
2002-03 94.6
2003-04 104.2
2004-05 131.4
2005-06 165.4
2006-07 218.0
Source:

National Health Service Appropriation Accounts and NHS Pension Scheme Resource Accounts.

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