To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 24 June 2021 to Question 18565 on the Merchant Navy Officers Pension Fund Scheme, if he will make an estimate of the future cost to the public purse in the (a) short-term and (b) long-term in relation to the Natural Environment Research Council and British Antarctic Survey’s role as a sponsoring employer of the Merchant Navy Ratings Pension Fund pension scheme.
19 July 2021
This answer is a correction from the original answer.
The Merchant Navy Ratings Pension Fund (MNRPF) is a multi-employer pension scheme and it is therefore not possible for any single participating (current or past) employer to estimate it’s share of any liabilities. This is a closed pension scheme and we do not know for certain if there are either active or deferred members of MNRPF who were previously employees of UK Research Innovation (UKRI) (or its predecessor organisations - NERC/BAS/NOC). However, it is possible, as not all of the former employees who were members of this pension scheme will have reached the scheme retirement age yet. As they are no longer employees, UKRI have no record of their current pension scheme memberships or entitlements.
I refer the Hon. Member to the answer I gave him on 24 June 2021 to Question 18565.