National Grid Company: Pension Funds

Department for Business, Energy and Industrial Strategy written question – answered on 18th January 2017.

Alert me about debates like this

Photo of Ian Murray Ian Murray Labour, Edinburgh South

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment the Government has made of the potential effect on people affected by proposed changes to the defined benefits sections of the Combined Nuclear Pensions Plan and a section of the Electricity Supply Pension Scheme; and if he will make a statement.

Photo of Jesse Norman Jesse Norman Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

Government has undertaken an impact assessment and equalities analysis on public service pensions policy to reform final salary, defined benefit schemes in favour of Career Averaged Revalued Earnings schemes. These can be viewed at www.parliament.uk/documents/impact-assessments/IA12-023.pdf and www.parliament.uk/documents/impact-assessments/IA12-024.pdf.

This work has been taken into account in assessing the impact of reforming two final salary schemes within the Nuclear Decommissioning Authority (NDA) estate. These schemes are now subject to consultation with the workforce, conducted by the NDA; the outcome of the consultation will help to inform further assessments before any decisions are taken.

Does this answer the above question?

Yes1 person thinks so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.