Public Sector: Pensions

Treasury written question – answered on 26th November 2018.

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Photo of Louise Haigh Louise Haigh Shadow Minister (Home Office) (Policing)

To ask the Chancellor of the Exchequer, how much he has allocated to the Home Office for 2019-20 to cover changes in relation to quadrennial valuations of the public service pension schemes.

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

The Budget allocated extra funding to the reserve for 2019-20 to cover an expected £4.7 billion of unforeseen additional costs arising from the ongoing valuations of public service pension schemes. The Treasury is currently working with departments to confirm departmental allocations of this funding.

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