Local Government: Pensions

Communities and Local Government written question – answered on 22nd October 2008.

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Photo of Paul Rowen Paul Rowen Shadow Minister, Work & Pensions, Whip

To ask the Secretary of State for Communities and Local Government what assessment she has made of the implications of the deficit in the Local Government Contributory Pension Fund.

Photo of John Healey John Healey Minister of State (Department of Communities and Local Government) (Local Government)

As required by the regulations which govern the Local Government Pension Scheme in England and Wales, the scheme was actuarially valued as at 31 March 2007 and the employer contribution rates established for the financial period 2008-09 to 2010-11 ensure that the scheme remains solvent. Under the terms of the scheme, members' pension payments are guaranteed.

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