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
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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
15 Conclusion Deferred
Sixth Report - Public Sector Pensi…
Pensions play an important role in the overall remuneration package employers offer to recruit and...
Pensions play an important role in the overall remuneration package employers offer to recruit and retain staff. There is evidence that pensions affect how people chose to work which may impact frontline services. For example, the interaction between the NHS … Read more
Government Response
The government stated that individual departments are responsible for assessing where public service schemes need changes to meet workforce needs, with HM Treasury assessing proposals, thereby redirecting responsibility for the specific concerns about doctors' working patterns.
HM Treasury
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25 Conclusion Deferred
Sixth Report - Public Sector Pensi…
We are also concerned that HM Treasury does not specifically consider whether armed forces pension...
We are also concerned that HM Treasury does not specifically consider whether armed forces pension scheme arrangements are sufficient to support personnel when it becomes time for them to move into civilian life, which can be well before reaching “retirement … Read more
Government Response
The government stated that individual departments are responsible for assessing scheme changes to meet specific workforce needs, with HM Treasury assessing proposals for legal and fiscal implications, thereby redirecting primary responsibility.
HM Treasury
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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
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