Pensions: Public Sector

Treasury written question – answered on 6th November 2018.

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Photo of Stephanie Peacock Stephanie Peacock Opposition Whip (Commons)

To ask the Chancellor of the Exchequer, with reference to Budget 2018, paragraph 1.60, if he will publish a breakdown of the £4.7 billion of extra DEL allocated to the reserves to cover additional costs arising from the reduction in the discount rate for employer contributions to public sector pension schemes.

Photo of Elizabeth Truss Elizabeth Truss The Chief Secretary to the Treasury

The valuations of Public Service Pensions Schemes are ongoing. The Treasury is undertaking work with departments and devolved administrations to agree the allocation of the additional funding.

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