Question to the Cabinet Office:

To ask His Majesty's Government, further to the Civil Superannuation Annual Report and Accounts 2023–24, published on 18 December 2024 (HC 481), what proportion of the £12.2 billion reduction in the total liability of the Civil Service Pension Scheme was attributable to the change in the discount rate from 4.15 per cent to 5.10 per cent; and whether they will publish a breakdown of the liability reduction that is attributable to (1) discount rate changes, (2) demographic assumptions, and (3) benefit payments.

The accounts are prepared under the financial reporting manual (FReM) and there is no requirement to disclose the breakdown of the liability reduction that is attributable to discount rate changes or demographic assumptions. The effect of benefit payments on the liability are set out in note 19.4 on page 52 of the Civil Superannuation annual report and account for 2023-24.