Question reference: S4W-30249
- Asked by: Mary Scanlon, MSP for Highlands and Islands, Scottish Conservative and Unionist Party
- Date lodged: 2 March 2016
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Current status: Answered by Angela Constance on 22 March 2016
Question
To ask the Scottish Government what action it is taking in light of the figures from the Scottish Funding Council stating that there has been an increase in college pension deficits from £82.3 million in 2012-13 to £143.8 million in 2013-14.
Answer
<>Audit Scotland's Scotland’s Colleges 2015 report states that a net pension deficit is sustainable in the short term because the liabilities will become payable over a long period. Nonetheless, the Scottish Funding Council monitors closely the financial impact of ongoing pension costs and the position of individual college pension deficits.
The Deputy First Minister recently asked the Scheme Advisory Board of the Local Government Pension Scheme in Scotland to consider and report to him on a range of funding issues for the pension scheme, including the impact of charges on employers within the wider financial environment.