The hon. Gentleman will know that Lord Hutton addressed that issue. The costs of such a transition would have been enormous and very disruptive, and I think that the recommendation on the career average revalued earnings scheme is preferable from that point of view. He will also know that the new whole of Government accounts presentation of the public finances takes detailed account of the unfunded liabilities in public service pension schemes. That means that the public and the House have precisely the information that he wants transparently available, so I hope that he regards that as progress.
Public Service Pensions Bill
Proceeding contribution from
Danny Alexander
(Liberal Democrat)
in the House of Commons on Monday, 29 October 2012.
It occurred during Debate on bills on Public Service Pensions Bill.
Type
Proceeding contribution
Reference
552 c56 
Session
2012-13
Chamber / Committee
House of Commons chamber
Librarians' tools
Timestamp
2023-11-26 10:11:06 +0000
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