Civil Servants: Pensions

Cabinet Office written question – answered on 28th September 2021.

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Photo of Lord Patten Lord Patten Conservative

To ask Her Majesty's Government what assessment they have made of the value to the UK taxpayer of defined benefit pension payments to retiring civil servants.

Photo of Lord True Lord True Chair, Intergenerational Fairness and Provision Committee, Minister of State (Cabinet Office), Chair, Intergenerational Fairness and Provision Committee

The Cabinet Office submits five year cash forecasts to the Office for Budget Responsibility in order for them to monitor the fiscal implications of the scheme, and the Government considers these long-term projections of expenditure, as published in their Fiscal Sustainability Reports, including expected pension cash flows as a percentage of GDP.

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