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Scotland's Budget Documents: The 2007-08 Autumn Budget Revision to the Budget (Scotland) Act for the year ending 31 March 2008

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SCOTTISH TEACHERS' AND NHS PENSION SCHEMES

Schedule 2.1 Total Changes for the Autumn Budget Revision

Operating

Capital

Total

£m

£m

£m

Total Departmental Budget in the Budget Bill

2,006.6

0.0

2,006.6

Changes Proposed

Additional Funding

0.0

0.0

0.0

Net Whitehall transfers

641.3

0.0

641.3

Net Transfers within Scottish Block

0.0

0.0

0.0

Transfers to/from CUP

0.0

0.0

0.0

Total changes proposed

641.3

0.0

641.3

Proposed Budget following Autumn Budget Revisions

2,647.9

0.0

2,647.9

Operating

Capital

Total

£m

£m

£m

DEL:

Total DEL

0.0

0.0

0.0

AME:

NHS Pensions

1,486.4

0.0

1,486.4

Teachers' Pensions

1,161.5

0.0

1,161.5

Total AME

2,647.9

0.0

2,647.9

Other Expenditure Outside DEL:

Total Other Expenditure Outside DEL

0.0

0.0

0.0

Total Departmental Budget

2,647.9

0.0

2,647.9

Total Limit on Retained Income

1,634.2

Total Capital Receipts Applied

0.0

Schedule 3.1 NHS Pensions
Details of Proposed Budget

Proposed Changes

Operating

Capital

Total

£m

£m

£m

Original Budget

1,087.1

0.0

1,087.1

Proposed changes

399.3

0.0

399.3

ABR Proposed Budget

1,486.4

0.0

1,486.4

Proposed changes

SBR Proposed Budget

Summary of proposed changes

Increase in current pension costs and interest due to a reduction in the discount rate. Increase in forecast income.

399.3

0.0

399.3

399.3

0.0

399.3

Proposed Budget following Autumn Budget Revision

Operating

Capital

Total

£m

£m

£m

Gross Expenditure

2,315.8

0.0

2,315.8

Less: Retained Income

-829.4

0.0

-829.4

Capital Receipts Applied

0.0

0.0

0.0

1,486.4

0.0

1,486.4

Budget Analysis

NHS Superannuation Pension Expenditure

2,315.8

0.0

2,315.8

Less: Income from employee and employer contributions

-829.4

0.0

-829.4

Net Expenditure

1,486.4

0.0

1,486.4

Schedule 3.2 Teachers' Pensions
Details of Proposed Budget

Proposed Changes

Operating

Capital

Total

£m

£m

£m

Original Budget

919.5

0.0

919.5

Proposed changes

242.0

0.0

242.0

ABR Proposed Budget

1,161.5

0.0

1,161.5

Proposed changes

SBR Proposed Budget

Summary of proposed changes

Increase in current pension costs and interest due to a reduction in the discount rate. Decrease in forecast income.

242.0

0.0

242.0

242.0

0.0

242.0

Proposed Budget following Autumn Budget Revision

Operating

Capital

Total

£m

£m

£m

Gross Expenditure

1,646.5

0.0

1,646.5

Less: Retained Income

-485.0

0.0

-485.0

Capital Receipts Applied

0.0

0.0

0.0

1,161.5

0.0

1,161.5

Budget Analysis

Supplementary Teachers Pension Contributions

Teachers' Superannuation Pension Expenditure

1,646.5

0.0

1,646.5

Less: Income from employee and employer contributions

-485.0

0.0

-485.0

Net Expenditure

1,161.5

0.0

1,161.5

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Page updated: Wednesday, October 24, 2007