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Government launches consultation on unfunded pension public service discount rate
The Government has
today launched a public consultation on the discount rate used to
set contribution rates in unfunded public service pension schemes.
This is in line with a commitment made in the Spending Review, and
follows a recommendation of the Independent Public Service
Pensions Commission's interim report.
The consultation will close on 03 March 2011.
More information on the discount rate and the consultation
document can be found here:
http://www.hm-treasury.gov.uk/consult_unfunded_pensions.htm
PN 72/10
Notes for Editors
1. Initial work carried out by the Independent Public Service Pensions Commission suggests that the current discount rate is at the high end of what is appropriate. The Commission asked the Government to review this discount rate, so that the findings can inform the final report. More information on the Independent Commission, including the interim report, can be found here: http://www.hm-treasury.gov.uk/indreview_johnhutton_pensions.htm
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