Pensions account

Commentary and statistics

From 1 April 2006 new financial arrangements have applied to firefighters' pensions.

Employer contributions, employee contributions and ill-health charges are paid into this separate pensions account. The pensions account is charged with the cost of pension payments and the overall deficit is currently met by a 100% funded specific Department of Communities and Local Government (CLG) grant.


Actual		Original	Revised	Budget
2009/10		2010/11	2010/11	2011/12

734	Number of pensioners	734	745	755

The 2010/11 budget is at November 2009 prices.

Revenue budget


Actual		Original	Revised	Budget
2009/10		2010/11	2010/11	2011/12
£'000		£'000	£'000	£'000
10,399	Pension paid	11,205	11,032	11,433
4,560	Lump sums paid	3,155	2,003	3,169
882	Outwards Transfers	379	225	360
15,841		14,739	13,260	14,962

	Less income :
2,397	Employee Contributions - 1992 scheme	2,407	2,336	2,285
443	Employee Contributions - 2006 scheme	482	483	498
4,627	Employer Contributions - 1992 scheme	4,650	4,509	4,411
573	Employer Contributions - 2006 scheme	624	625	645
18	Ill health charges	241	92	246
421	Inward Transfers	442	221	227
8,479		8,846	8,266	8,312

7,362	Deficit funded by DCLG grant	5,893	4,994	56,650