Written question asked by Lord Brady of Altrincham (Conservative) on Thursday, 10 April 2003, in the House of Commons. It was due for an answer on Monday, 19 May 2003. It was answered by David Miliband (Labour) on Monday, 19 May 2003 on behalf of the Department for Education and Skills.

Dept for Education and Skills

Question: To ask the Secretary of State for Education and Skills, what estimate he has made of the impact of increased contributions to teachers superannuation on school budgets (a) in total and (b) for each local education authority area. - Includes figures.

Answer: Mr. Brady: To ask the Secretary of State for Education and Skills what estimate he has made of the impact of increased contributions to teachers superannuation on school budgets (a) in total and (b) for each local education authority area. [109414] Mr. Miliband: It will not be possible to calculate the additional cost of the increase in employers' contributions to the Teachers' Pension Scheme for each local education authority for 2003-04 until we have analysed the contributions data for March and April 2003. Nationally, a total of £650 million has been transferred into provision for schools to meet the costs of the 4.75 per cent. increase in employers' contribution that arises from the inclusion of the costs of pensions increase on the scheme. This comprises a baseline adjustment to the Education Formula Spending total of £586 million; £20 million to meet the additional costs of Threshold grant payments; and a £44 million transfer to the Learning and Skills Council in respect of sixth forms.

Secondary information

Type: Written question
Reference: 109414; 405 c569W;405 c567-8W
Session: 2002-03
Subjects: Costs Finance Local education authorities Workplace pensions Schools Teachers
Contains statistics: Yes
Link: View this Written question on www.publications.parliament.uk