To ask the Secretary of State for Business, Innovation and Skills, what arrangements are in place to ensure that the pension schemes of abolished non-departmental public bodies which lay within his Department's remit efficiently discharge their liabilities to pensioners.
Answered on
3 May 2016
The majority of the Department’s non-departmental public bodies (NDPB) contribute into existing multi-employer schemes, these include the PCSPS and Research Council Pension Scheme. Individuals also have the option to contribute to a partnership pension scheme operated by selected pension companies. In both these cases the responsibility to make payments to pensioners lies with the scheme, and not with the individual employer.
Where an individual NDPB operating its own scheme was to be abolished, as part of that process a decision would be made whether it was appropriate to transfer the liability to the Department or to transfer that scheme to the management of the Cabinet Office.