Public sector pensions

Public Accounts Committee Closed Inquiry
Opened: 8 Feb 2021 Closed: 5 Aug 2021 Parliament page
As at 31 March 2020 the UK’s major public service pension schemes had over 8 million members, including active and deferred members and current pensioners – a significant part of the national pensions “landscape”. Most of the main public service pension schemes are unfunded, with pension payments paid for out … Read more
10 Recommendations
15 Conclusions
1 Report
1 Oral session
1 Letter
1 Event
Activity timeline 4 events
2 Sep
2021
Report published
11 Jun
2021
Report published
19 May
2021
Correspondence
22 Apr
2021
Oral evidence
Oral evidence sessions 1 session
22 Apr 2021
View on parliament.uk
Affordability of public sector pensions; Supply chain financing and the operation of Covid finance facilities; Equitable Life
Cat Little · Cabinet Office Charles Roxburgh · HM Treasury Martin Clarke · Government Actuary’s Department (GAD) Mike Williams · HM Treasury Sir Tom Scholar · HM Treasury
Title HC No. Published Items Response
Sixth Report - Public Sector Pensions HC 289 11 Jun 2021 25 Responded
Recommendations & Conclusions
2 results
Clear
6 Recommendation Accepted in Part
Sixth Report - Public Sector Pensi…
HM Treasury has not yet performed an evaluation of its reforms and we are not...
HM Treasury has not yet performed an evaluation of its reforms and we are not convinced it is on track to meet its objectives. As a part of its 2011–2015 reforms, HM Treasury made a commitment that there would be … Read more
Government Response
The government accepted the recommendation to provide an interim evaluation by the end of 2021, committing to write to the Committee with an assessment of its objectives. However, it noted this assessment would be necessarily limited as the 2011-2015 reforms are still in the process of full implementation.
HM Treasury
View details
13 Recommendation Accepted in Part
Sixth Report - Public Sector Pensi…
HM Treasury told us it has not yet performed an evaluation of its reforms.
HM Treasury told us it has not yet performed an evaluation of its reforms. In its 2011 report on public service pensions, the Committee noted that increasing the amount that employees have to contribute to pension schemes could result in … Read more
Government Response
The government agrees to conduct an assessment of how it is meeting its public service pension objectives by the end of 2021, but notes this assessment will be limited until the 2011-2015 reforms are fully implemented.
HM Treasury
View details
Government Response AI assessment · 25 of 10 classified
Accepted 10
Accepted in Part 2
Acknowledged 4
Deferred 2
Not Addressed 6
Rejected 1
Total 10 recs + 15 conclusions
Correspondence 1 letter
19 May 2021 Correspondence from Catherine Little, Director General Public Spending Head of Government Finance Function, HM Treasury, re Public Accounts Committee – Session of 22 April 2021, dated 12 May 2021
Parliament page