pension deficits 2012 uk
TRANSCRIPT
8/2/2019 Pension Deficits 2012 UK
http://slidepdf.com/reader/full/pension-deficits-2012-uk 1/24
Public Sector Pensions 3: Research Note 103 | 13 April 2012
Council pensions: The £54 bi llion black hole
In the face of union pressure local authorities and other public sector organisations have
been reluctant to accept the need for necessary pension reforms. But the TaxPayers’
Alliance can reveal that the pension assets held by each local authority in the UK are
dwarfed by the size of their liabilities – this means that there is gaping pensions deficit of
£54 billion, for which taxpayers are ultimately liable.
Local government pensions are more sustainable than other public sector schemes, which
are unfunded. However, the Local Government Pension Scheme (LGPS) is much more
generous than most private sector provision, and places a heavy burden on local
taxpayers. With an ageing population and a crisis in the public finances, generous final
salary schemes are inflexible and too expensive.
Existing TaxPayers’ Alliance research has investigated council pensions and the
considerable burden they place on the taxpayer. The true cost of the Local Government
Pension Scheme found that the equivalent of £1 in every £5 of council tax was spent on
employer contributions to the Local Government Pension Scheme (LGPS). The same report
also found that over 4,500 Councillors were enrolled on the LGPS, raising questions over
their ability to represent the interests of taxpayers.1 Now, Council Pensions: The £54
billion black hole collates every council’s pension deficits for 2010-11. It takes into accountall pension liabilities and assets that appear on their balance sheets.
The key findings of this research are:
Local Authorities across the UK had a combined pension deficit of £54 billion in
8/2/2019 Pension Deficits 2012 UK
http://slidepdf.com/reader/full/pension-deficits-2012-uk 2/24
8/2/2019 Pension Deficits 2012 UK
http://slidepdf.com/reader/full/pension-deficits-2012-uk 3/24
Reforming council pensions
Each of the 101 pension schemes in the UK has greater liabilities than they hold in assets
and are therefore in deficit. Local Government Pension Schemes have become
unaffordable and as a result unsustainable, and need urgent reform.
Michael Johnson, a pensions expert and a research fellow of the Centre for Policy Studies,
wrote a letter to the Financial Times in February 2012 along with several other signatories.
They highlighted the desperate situation in local government pension funds. They note
that:2
“Several are now so underfunded that they are beyond the point of no
return. Now having to consume their assets to meet pensions in payment,
such funds are in a death spiral. The inability of the LGPS to control costs is masked by the ineffective governance tripartite of employers, central
and local government.”
In July 2010, Eugene Sullivan, the Chief Executive of the Audit Commission also warned
against backing down from reform, arguing that maintaining the status quo was:3
“Putting it off for future generations to pick up the tab – it’s just deferring
the inevitable, like not paying your mortgage.”
Sullivan also advocates amalgamating some of the numerous pension funds across the UK,
citing the fact that London alone has 33 separate schemes.
Glyn Gaskarth of the Local Government Information Unit outlined a similar proposal on the
ConservativeHome website in March 2012. He argues that such changes would:4
“Reduce costs and leave more money in the funds to accumulate. These
ill il i f d h i d
8/2/2019 Pension Deficits 2012 UK
http://slidepdf.com/reader/full/pension-deficits-2012-uk 4/24
I ncrease employee contr ibut ions. A default employee contribution rate of 8 percent of salary should be set for all personal account pension scheme members. This
represents an increase in the existing personal contribution level which currently
ranges 5.5 per cent to 7.5 per cent (this is dependent on income level). The new
default rate would compare well with the level of employee pension contributions in
the police which ranges from 9.5 per cent to 11.5 per cent.
Honour existing pension accrued entitlements. Existing pension scheme
members have accumulated legal entitlement to payments based on a formula of
1/60th of final salary in pension for each year worked. Existing accrued entitlements
should not be altered.
Freeze all existing local authority pension entitlements at their current
level. There is no legal right for workers to continue to receive the current pension
deal for future years’ payments. Each pension member’s existing entitlement shouldbe frozen. At the age of sixty five they should receive a pension based on their last
year of earnings before this freeze occurred (increased by the retail price index) times
the number of years they worked prior to the freeze.
Open new Personal Accounts Pensions for all existing pension scheme
contributors. Default all new employees and existing local government pension
scheme members into a new local government personal accounts pension scheme.Offer all employees the chance to leave if they formally request this.
Match employee/ employer contribut ions. Local Authorities should match
employee’s personal contributions up to a specified rate e.g. twelve per cent.
Use existing pension funds and the savings on reductions to employer
contributions to meet existing pension payments. All savings made from thereduced pension contributions employers make to the personal accounts system (they
would be paying between 8 and 12 per cent of salary rather than 15.7 per cent on
average) should be used to service existing pension liabilities.
8/2/2019 Pension Deficits 2012 UK
http://slidepdf.com/reader/full/pension-deficits-2012-uk 5/24
Sources and Methodology
All information is taken from individual local authority annual statement of accounts.
In a very small number of cases, the reported assets minus the reported liabilities do
not always equal the reported deficit in the accounts. For example, Wandsworth’s
accounts show the council’s share of the liabilities with council assets, but a reported
deficit that does not equal assets-liabilities. In these cases, we have used reporteddeficits from the accounts.
Figures were mostly taken from the Scheme History section of the accounts. This
allowed us to evaluate the actuarial estimates for both the assets held by councils and
their liabilities. We have ensured that the figures contained within council accounts do
not conflict with those in pension fund accounts. For instance, County Councils are
often the administering authority for their Districts, but we have cross-checked localdata with pension fund data to ensure there has been no double-counting.
All liabilities – funded or unfunded – are reported in the balance sheet, and are
therefore included in this analysis. They also include any stated discretionary benefits
listed in local authority’s accounts.
Population data for individual local authorities was taken from mid-2010 estimates
provided by the Office for National Statistics.8
Table 2 (Top 20 deficits per head of local population in 2010-11) does not include City
of London. The very low population figures mean that this is not a fair comparator.
Guide to Tables
Table 1: Top 20 council pension deficits in 2010-11
Table 2: Top 20 deficits per head of local population in 2010-11
8/2/2019 Pension Deficits 2012 UK
http://slidepdf.com/reader/full/pension-deficits-2012-uk 6/24
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours) 6
Table 1: Top 20 council pension deficits in 2010-11
Council Assets (£ ) Liabilit ies (£ ) Deficit (£ ) Assets as a
percentage
of l iabil ities
Population Deficit share per
head of
population (£)
Birmingham 2,725,000,000 4,064,500,000 -1,339,500,000 67% 1,036,878 1,292
Durham 1,252,590,000 1,980,130,000 -727,540,000 63% 510,804 1,424
Hampshire 1,274,460,000 1,992,930,000 -718,470,000 64% 1,296,814 554
Leeds 1,960,667,000 2,610,521,000 -649,854,000 75% 798,769 814
Essex 1,267,329,000 1,900,519,000 -633,190,000 67% 1,413,025 448
Lancashire 1,743,007,000 2,372,019,000 -629,012,000 73% 1,169,270 538
Glasgow City 2,311,000,000 2,936,000,000 -625,000,000 79% 592,820 1,054
Brent 418,240,000 999,920,000 -581,680,000 42% 256,556 2,267
Staffordshire 1,085,600,000 1,654,000,000 -568,400,000 66% 831,290 684
Sheffield 1,296,039,000 1,859,352,000 -563,313,000 70% 555,507 1,014
Liverpool 1,304,462,000 1,862,111,000 -557,649,000 70% 445,229 1,252
Kent 1,471,303,000 2,008,308,000 -537,005,000 73% 1,427,418 376Devon 886,153,000 1,405,502,000 -519,349,000 63% 749,944 693
Nottinghamshire 1,082,300,000 1,589,100,000 -506,800,000 68% 779,890 650
Cardiff 690,686,000 1,185,050,000 -494,364,000 58% 341,054 1,450
Rhondda, Cynon, Taff 539,437,000 1,022,784,000 -483,347,000 53% 234,309 2,063
Lambeth 729,246,000 1,201,561,000 -472,315,000 61% 284,484 1,660
Surrey 998,457,000 1,459,701,000 -461,244,000 68% 1,127,322 409
Southwark 781,900,000 1,229,400,000 -447,500,000 64% 287,041 1,559Derbyshire 1,128,753,000 1,572,386,000 -443,633,000 72% 763,724 581
8/2/2019 Pension Deficits 2012 UK
http://slidepdf.com/reader/full/pension-deficits-2012-uk 7/24
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours) 7
Table 2: Top 20 council pension deficits per head of local population
Council Asset s (£) Liabilit ies (£) Deficit (£) Asset s as ashare ofl iabil ities
Populat ion Deficit share perhead ofpopulation ( £)
Merthyr Tydfil 127,620,000 253,930,000 -126,310,000 50% 55,699 2,268
Brent 418,240,000 999,920,000 -581,680,000 42% 256,556 2,267
Rhondda, Cynon, Taff 539,437,000 1,022,784,000 -483,347,000 53% 234,309 2,063
Gateshead 647,760,000 1,038,900,000 -391,140,000 62% 191,690 2,040Neath Port Talbot 392,320,000 667,220,000 -274,900,000 59% 137,392 2,001
Hackney 670,127,000 1,093,447,000 -423,320,000 61% 219,228 1,931
Hammersmith and Fulham 467,218,000 789,559,000 -322,341,000 59% 169,705 1,899
Newham 649,755,000 1,062,394,000 -412,639,000 61% 240,124 1,718
Blaenau Gwent 217,622,000 334,388,000 -116,766,000 65% 68,368 1,708
Lambeth 729,246,000 1,201,561,000 -472,315,000 61% 284,484 1,660
Haringey 592,761,000 966,044,000 -373,283,000 61% 224,996 1,659
Kingston upon Hull, City of 700,171,000 1,136,862,000 -436,691,000 62% 263,890 1,655
Bridgend 292,650,000 506,260,000 -213,610,000 58% 134,564 1,587
Swansea 627,970,000 993,100,000 -365,130,000 63% 232,501 1,570
Islington 592,162,000 896,472,000 -304,310,000 66% 194,080 1,568
Dundee City 704,381,000 930,161,000 -225,780,000 76% 144,290 1,565
Southwark 781,900,000 1,229,400,000 -447,500,000 64% 287,041 1,559
Sunderland 790,960,000 1,227,540,000 -436,580,000 64% 283,509 1,540
Wolverhampton 666,956,000 1,034,800,000 -367,844,000 64% 239,354 1,537
Waltham Forest 445,895,000 792,445,000 -346,550,000 56% 227,145 1,526
8/2/2019 Pension Deficits 2012 UK
http://slidepdf.com/reader/full/pension-deficits-2012-uk 8/24
8/2/2019 Pension Deficits 2012 UK
http://slidepdf.com/reader/full/pension-deficits-2012-uk 9/24
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours) 9
Table 4: Full details of all UK council pension assets, liabilities and deficits in 2010-11
Council Assets (£ ) Liabilit ies (£ ) Deficit (£ ) Assets as apercentageof l iabil ities
Populat ion Deficit share perhead ofpopulation ( £)
Aberdeen City 846,722,000 1,074,977,000 -228,255,000 79% 217,120 1,051
Aberdeenshire 743,575,000 926,343,000 -182,768,000 80% 245,780 744
Adur 72,510,000 92,890,000 -20,380,000 78% 61,630 331
Allerdale 46,829,000 68,707,000 -21,878,000 68% 94,086 233
Amber Valley 52,976,000 77,694,000 -24,718,000 68% 121,590 203
Angus 339,524,000 442,149,000 -102,625,000 77% 110,570 928
Antrim 22,652,000 27,752,000 -5,100,000 82% 54,145 94
Ards 29,997,000 35,929,000 -5,932,000 83% 78,248 76
Argyll and Bute 382,726,000 408,953,000 -26,227,000 94% 89,200 294
Armagh 30,200,000 37,098,000 -6,898,000 81% 59,441 116
Arun 82,370,000 105,330,000 -22,960,000 78% 150,561 152
Ashfield 58,192,000 96,379,000 -38,187,000 60% 117,008 326
Ashford 64,048,000 98,400,000 -34,352,000 65% 115,533 297
Aylesbury Vale 82,077,000 124,281,000 -42,204,000 66% 174,409 242
Babergh 45,919,000 58,476,000 -12,557,000 79% 85,561 147
Ballymena 37,179,000 43,587,000 -6,408,000 85% 63,451 101
Ballymoney 12,756,927 15,217,213 -2,460,286 84% 30,564 80
Banbridge 17,706,000 21,831,188 -4,125,188 81% 47,955 86
Barking and Dagenham 430,131,000 623,490,000 -193,359,000 69% 179,741 1,076
Barnet 484,111,000 720,595,000 -236,484,000 67% 348,198 679
Barnsley 581,217,000 830,804,000 -249,587,000 70% 227,610 1,097
Barrow-in-Furness 56,371,000 78,315,000 -21,944,000 72% 70,654 311
Basildon 108,969,000 169,608,000 -60,639,000 64% 175,212 346
Basingstoke & Deane 89,600,000 151,250,000 -61,650,000 59% 165,120 373
Bassetlaw 54,036,000 82,501,000 -28,465,000 65% 111,820 255
Bath and North East Somerset 357,115,000 511,419,000 -154,304,000 70% 179,704 859
8/2/2019 Pension Deficits 2012 UK
http://slidepdf.com/reader/full/pension-deficits-2012-uk 10/24
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours) 10
Council Assets (£ ) Liabilit ies (£ ) Deficit (£ ) Assets as apercentage
of l iabil ities
Populat ion Deficit share perhead of
population ( £)Bedford Borough 271,279,000 410,369,000 -139,089,000 66% 160,797 865
Belfast 306,877,628 380,552,000 -73,674,372 81% 268,745 274
Bexley 438,221,000 524,797,000 -86,576,000 84% 227,957 380
Birmingham 2,725,000,000 4,064,500,000 -1,339,500,000 67% 1,036,878 1,292
Blaby 31,800,000 44,591,000 -12,791,000 71% 94,021 136
Blackburn with Darwen 322,669,000 467,998,000 -145,329,000 69% 140,045 1,038
Blackpool 319,805,000 456,067,000 -136,262,000 70% 139,974 973Blaenau Gwent 217,622,000 334,388,000 -116,766,000 65% 68,368 1,708
Bolsover 54,663,000 81,372,000 -26,709,000 67% 74,572 358
Bolton 690,100,000 857,500,000 -167,400,000 80% 266,492 628
Boston 35,039,000 51,842,000 -16,803,000 68% 59,042 285
Bournemouth 264,958,816 457,377,000 -192,418,184 58% 168,118 1,145
Bracknell Forest 187,780,000 261,592,000 -73,812,000 72% 116,538 633
Bradford 1,255,000,000 1,678,000,000 -423,000,000 75% 512,618 825
Braintree 90,081,000 130,130,000 -40,049,000 69% 144,032 278
Breckland 49,758,000 67,549,000 -17,791,000 74% 130,925 136
Brent 418,240,000 999,920,000 -581,680,000 42% 256,556 2,267
Brentwood 52,123,000 85,033,000 -32,910,000 61% 74,785 440
Bridgend 292,650,000 506,260,000 -213,610,000 58% 134,564 1,587
Brighton and Hove 576,208,000 682,765,000 -106,557,000 84% 258,762 412
Bristol 1,068,907,000 1,479,217,000 -410,310,000 72% 441,285 930
Broadland 35,837,000 47,688,000 -11,851,000 75% 123,676 96
Bromley 432,067,000 601,733,000 -169,666,000 72% 312,380 543
Bromsgrove 39,928,000 59,276,000 -19,348,000 67% 93,441 207
Broxbourne 56,956,000 69,302,000 -12,346,000 82% 90,609 136
Broxtowe 64,517,000 86,466,000 -21,949,000 75% 111,818 196
Buckinghamshire 504,742,000 782,998,000 -278,256,000 64% 498,072 559
Burnley 103,508,000 148,312,000 -44,804,000 70% 85,301 525
8/2/2019 Pension Deficits 2012 UK
http://slidepdf.com/reader/full/pension-deficits-2012-uk 11/24
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours) 11
Council Assets (£ ) Liabilit ies (£ ) Deficit (£ ) Assets as apercentage
of l iabil ities
Populat ion Deficit share perhead of
population ( £)Bury 444,700,000 520,300,000 -75,600,000 85% 183,753 411
Caerphilly 401,975,000 606,657,000 -204,682,000 66% 173,124 1,182
Calderdale 513,500,000 686,500,000 -173,000,000 75% 202,741 853
Cambridge 132,610,000 190,481,000 -57,871,000 70% 125,717 460
Cambridgeshire 621,852,000 930,328,000 -308,476,000 67% 616,282 501
Camden 811,299,000 1,115,456,000 -304,157,000 73% 235,362 1,292
Cannock Chase 67,153,000 108,593,000 -41,440,000 62% 94,674 438Canterbury 86,186,000 122,112,000 -35,926,000 71% 153,189 235
Cardiff 690,686,000 1,185,050,000 -494,364,000 58% 341,054 1,450
Carlisle 94,153,000 124,158,000 -30,005,000 76% 104,539 287
Carmarthenshire 585,820,000 765,062,000 -179,242,000 77% 180,717 992
Carrickfergus 18,192,941 22,337,345 -4,144,403 81% 40,158 103
Castle Point 45,188,000 69,608,000 -24,420,000 65% 89,402 273
Castlereagh 28,769,122 34,149,188 -5,380,066 84% 67,029 80
Central Bedfordshire 336,223,000 533,505,000 -197,282,000 63% 255,219 773
Ceredigion 211,943,000 250,003,000 -38,060,000 85% 76,938 495
Charnwood 59,411,000 87,879,000 -28,468,000 68% 166,827 171
Chelmsford 106,834,000 164,832,000 -57,998,000 65% 169,542 342
Cheltenham 70,405,000 108,476,000 -38,071,000 65% 115,263 330
Cherwell 60,743,000 96,213,000 -35,470,000 63% 140,427 253
Cheshire East 722,948,000 962,772,000 -239,824,000 75% 363,820 659
Cheshire West and Chester 790,100,000 975,012,000 -184,912,000 81% 327,300 565
Chesterfield 110,476,000 152,418,000 -41,942,000 72% 101,036 415
Chichester 95,840,000 96,160,000 -320,000 100% 113,503 3
Chiltern 31,071,000 45,485,000 -14,414,000 68% 91,381 158
Chorley 61,912,000 88,254,000 -26,342,000 70% 105,432 250
Christchurch 32,569,000 46,100,000 -13,531,000 71% 47,302 286
City of London 568,400,000 756,000,000 -187,600,000 75% 11,677 16,066
8/2/2019 Pension Deficits 2012 UK
http://slidepdf.com/reader/full/pension-deficits-2012-uk 12/24
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours) 12
Council Assets (£ ) Liabilit ies (£ ) Deficit (£ ) Assets as apercentage
of l iabil ities
Populat ion Deficit share perhead of
population ( £)Clackmannanshire 155,490,000 217,107,000 -61,617,000 72% 50,630 1,217
Colchester 99,163,000 159,003,000 -59,840,000 62% 181,016 331
Coleraine 32,548,767 41,057,819 -8,509,052 79% 56,790 150
Conwy 269,409,000 337,677,000 -68,268,000 80% 110,863 616
Cookstown 16,366,720 19,790,558 -3,423,838 83% 36,655 93
Copeland 44,178,000 60,079,000 -15,901,000 74% 69,513 229
Corby 50,413,000 76,914,000 -26,501,000 66% 55,833 475Cornwall 960,779,000 1,271,058,000 -310,279,000 76% 535,334 580
Cotswold 38,479,000 59,176,000 -20,697,000 65% 83,538 248
Coventry 733,800,000 1,053,900,000 -320,100,000 70% 315,739 1,014
Craigavon 47,976,705 56,237,058 -8,260,353 85% 93,623 88
Craven 23,717,000 46,031,000 -22,314,000 52% 55,414 403
Crawley 136,030,000 145,460,000 -9,430,000 94% 107,562 88
Croydon 617,831,000 963,272,000 -345,441,000 64% 345,562 1,000Cumbria 738,150,000 1,000,317,000 -262,167,000 74% 494,350 530
Dacorum 100,322,000 146,964,000 -46,642,000 68% 142,881 326
Darlington 216,990,000 327,120,000 -110,130,000 66% 100,843 1,092
Dartford 59,485,000 89,209,000 -29,724,000 67% 94,555 314
Daventry 34,480,000 53,103,000 -18,623,000 65% 78,959 236
Denbighshire 238,109,000 367,789,000 -129,680,000 65% 96,731 1,341
Derby 495,917,000 710,961,000 -215,044,000 70% 246,855 871
Derbyshire 1,128,753,000 1,572,386,000 -443,633,000 72% 763,724 581
Derbyshire Dales 34,732,000 49,446,000 -14,714,000 70% 70,389 209
Derry City 59,454,982 74,759,000 -15,304,018 80% 109,826 139
Devon 886,153,000 1,405,502,000 -519,349,000 63% 749,944 693
Doncaster 651,695,000 921,715,000 -270,020,000 71% 290,593 929
Dorset* 460,272,000 765,204,000 -304,932,000 60% 404,789 753
Dover 67,681,000 110,327,000 -42,646,000 61% 106,931 399
8/2/2019 Pension Deficits 2012 UK
http://slidepdf.com/reader/full/pension-deficits-2012-uk 13/24
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours) 13
Council Assets (£ ) Liabilit ies (£ ) Deficit (£ ) Assets as apercentage
of l iabil ities
Populat ion Deficit share perhead of
population ( £)Down 35,601,000 41,554,000 -5,953,000 86% 70,770 84
Dudley 672,687,000 953,621,000 -280,934,000 71% 307,362 914
Dumfries and Galloway 482,045,000 618,083,000 -136,038,000 78% 148,190 918
Dundee City 704,381,000 930,161,000 -225,780,000 76% 144,290 1,565
Dungannon 21,436,698 25,869,000 -4,432,302 83% 57,748 77
Durham 1,252,590,000 1,980,130,000 -727,540,000 63% 510,804 1,424
Ealing 598,763,000 903,282,000 -304,519,000 66% 318,516 956East Ayrshire 479,035,000 555,986,000 -76,951,000 86% 120,240 640
East Cambridgeshire 22,672,000 35,422,000 -12,750,000 64% 84,931 150
East Devon 60,580,000 83,461,000 -22,881,000 73% 132,857 172
East Dorset 34,445,000 49,673,000 -15,228,000 69% 87,828 173
East Dunbartonshire 353,504,000 396,165,000 -42,661,000 89% 104,580 408
East Hampshire 46,510,000 78,360,000 -31,850,000 59% 112,578 283
East Hertfordshire 63,223,000 85,316,000 -22,093,000 74% 138,476 160East Lindsey 51,336,000 74,527,000 -23,191,000 69% 141,633 164
East Lothian 303,231,000 383,154,000 -79,923,000 79% 97,500 820
East Northamptonshire 22,782,000 36,267,000 -13,485,000 63% 85,251 158
East Renfrewshire 281,379,000 336,558,000 -55,179,000 84% 89,540 616
East Riding of Yorkshire 583,006,000 852,377,000 -269,371,000 68% 338,690 795
East Staffordshire 52,704,000 81,116,000 -28,412,000 65% 109,447 260
East Sussex 767,516,000 995,381,000 -227,865,000 77% 515,522 442Eastbourne 78,867,000 96,066,000 -17,199,000 82% 96,972 177
Eastleigh 55,930,000 90,870,000 -34,940,000 62% 122,370 286
Eden 30,175,000 35,711,000 -5,536,000 84% 51,817 107
Edinburgh, City of 1,507,428,000 1,843,330,000 -335,902,000 82% 486,120 691
Eilean Siar 148,726,000 178,263,000 -29,537,000 83% 26,190 1,128
Elmbridge 67,252,000 95,751,000 -28,499,000 70% 131,930 216
Enfield 568,907,000 886,879,000 -317,972,000 64% 294,927 1,078
8/2/2019 Pension Deficits 2012 UK
http://slidepdf.com/reader/full/pension-deficits-2012-uk 14/24
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours) 14
Council Assets (£ ) Liabilit ies (£ ) Deficit (£ ) Assets as apercentage
of l iabil ities
Populat ion Deficit share perhead of
population ( £)Epping Forest 83,812,000 130,136,000 -46,324,000 64% 124,738 371
Epsom and Ewell 44,558,000 60,585,000 -16,027,000 74% 74,272 216
Erewash 57,699,000 81,453,000 -23,754,000 71% 111,300 213
Essex 1,267,329,000 1,900,519,000 -633,190,000 67% 1,413,025 448
Exeter 84,170,000 129,690,000 -45,520,000 65% 119,618 381
Falkirk 439,018,000 610,887,000 -171,869,000 72% 153,280 1,121
Fareham 62,870,000 100,920,000 -38,050,000 62% 112,108 339Fenland 48,651,000 77,366,000 -28,715,000 63% 91,927 312
Fermanagh 28,740,409 34,076,000 -5,335,591 84% 63,076 85
Fife 1,249,733,000 1,631,773,000 -382,040,000 77% 365,020 1,047
Flintshire 361,228,000 564,531,000 -203,303,000 64% 149,709 1,358
Forest Heath 34,323,000 40,834,000 -6,511,000 84% 64,345 101
Forest of Dean 36,580,000 59,246,000 -22,666,000 62% 82,879 273
Fylde 43,384,000 59,450,000 -16,066,000 73% 76,590 210Gateshead 647,760,000 1,038,900,000 -391,140,000 62% 191,690 2,040
Gedling 46,816,000 62,036,000 -15,220,000 75% 113,158 135
Glasgow City 2,311,000,000 2,936,000,000 -625,000,000 79% 592,820 1,054
Gloucester 58,162,000 101,750,000 -43,588,000 57% 118,440 368
Gloucestershire 615,201,000 869,892,000 -254,691,000 71% 593,527 429
Gosport 48,100,000 76,810,000 -28,710,000 63% 79,892 359
Gravesham 69,975,000 100,648,000 -30,673,000 70% 99,551 308Great Yarmouth 68,867,000 102,659,000 -33,792,000 67% 97,179 348
Greater London Authority 80,113,000 100,298,000 -20,185,000 80% 7,825,177 3
Greenwich 798,626,000 1,079,603,000 -280,977,000 74% 228,509 1,230
Guildford 108,670,000 154,284,000 -45,614,000 70% 137,062 333
Gwynedd 338,233,000 407,128,000 -68,895,000 83% 119,007 579
Hackney 670,127,000 1,093,447,000 -423,320,000 61% 219,228 1,931
Halton 316,940,000 377,284,000 -60,344,000 84% 119,263 506
8/2/2019 Pension Deficits 2012 UK
http://slidepdf.com/reader/full/pension-deficits-2012-uk 15/24
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours) 15
Council Assets (£ ) Liabilit ies (£ ) Deficit (£ ) Assets as apercentage
of l iabil ities
Populat ion Deficit share perhead of
population ( £)Hambleton 35,948,000 51,752,000 -15,804,000 69% 87,576 180
Hammersmith and Fulham 467,218,000 789,559,000 -322,341,000 59% 169,705 1,899
Hampshire 1,274,460,000 1,992,930,000 -718,470,000 64% 1,296,814 554
Harborough 28,569,000 41,108,000 -12,539,000 69% 84,012 149
Haringey 592,761,000 966,044,000 -373,283,000 61% 224,996 1,659
Harlow 100,307,000 167,051,000 -66,744,000 60% 81,658 817
Harrogate 105,722,000 159,224,000 -53,502,000 66% 158,686 337Harrow 432,124,000 644,631,000 -212,507,000 67% 230,057 924
Hart 33,803,000 56,274,000 -22,471,000 60% 91,189 246
Hartlepool 302,546,000 354,402,000 -51,856,000 85% 91,304 568
Hastings 84,537,000 104,132,000 -19,595,000 81% 87,171 225
Havant 62,880,000 100,980,000 -38,100,000 62% 116,841 326
Havering 337,260,000 618,479,000 -281,219,000 55% 236,137 1,191
Herefordshire 229,200,000 361,000,000 -131,800,000 63% 179,297 735Hertfordshire 1,106,675,000 1,534,605,000 -427,930,000 72% 1,107,521 386
Hertsmere 52,105,000 78,028,000 -25,923,000 67% 99,924 259
High Peak 39,695,000 66,758,000 -27,063,000 59% 92,609 292
Highland 698,357,000 850,973,000 -152,616,000 82% 221,630 689
Hillingdon 575,064,000 820,944,000 -245,880,000 70% 266,114 924
Hinckley and Bosworth 34,690,000 49,562,000 -14,872,000 70% 105,082 142
Horsham 89,140,000 91,960,000 -2,820,000 97% 130,810 22Hounslow 451,900,000 639,700,000 -187,800,000 71% 236,760 793
Huntingdonshire 82,115,000 123,552,000 -41,437,000 66% 167,301 248
Hyndburn 70,794,000 103,436,000 -32,642,000 68% 81,122 402
Inverclyde 334,654,000 384,541,000 -49,887,000 87% 79,770 625
Ipswich 159,645,000 195,400,000 -35,755,000 82% 128,269 279
Isle of Anglesey 165,562,000 212,134,000 -46,572,000 78% 68,592 679
Isle of Wight 298,089,000 415,373,000 -117,284,000 72% 140,491 835
8/2/2019 Pension Deficits 2012 UK
http://slidepdf.com/reader/full/pension-deficits-2012-uk 16/24
8/2/2019 Pension Deficits 2012 UK
http://slidepdf.com/reader/full/pension-deficits-2012-uk 17/24
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours) 17
Council Assets (£ ) Liabilit ies (£ ) Deficit (£ ) Assets as apercentage
of l iabil ities
Populat ion Deficit share perhead of
population ( £)Maldon 26,288,000 42,453,000 -16,165,000 62% 63,242 256
Malvern Hills 37,537,000 56,297,000 -18,760,000 67% 75,381 249
Manchester 1,905,300,000 2,273,200,000 -367,900,000 84% 498,779 738
Mansfield 91,093,000 138,811,000 -47,718,000 66% 99,635 479
Medway 293,311,000 430,087,000 -136,776,000 68% 256,699 533
Melton 21,239,000 29,758,000 -8,519,000 71% 49,475 172
Mendip 24,338,000 44,267,000 -19,929,000 55% 109,018 183Merthyr Tydfil 127,620,000 253,930,000 -126,310,000 50% 55,699 2,268
Merton 351,387,000 454,377,000 -102,990,000 77% 208,794 493
Mid Devon 41,179,000 66,741,000 -25,562,000 62% 76,088 336
Mid Suffolk 45,896,000 60,463,000 -14,567,000 76% 94,987 153
Mid Sussex 63,020,000 81,186,000 -18,166,000 78% 132,456 137
Middlesbrough 461,339,000 540,435,000 -79,096,000 85% 142,370 556
Midlothian 258,602,000 322,404,000 -63,802,000 80% 81,140 786Milton Keynes 312,183,000 454,348,000 -142,165,000 69% 241,497 589
Mole Valley 48,930,000 66,934,000 -18,004,000 73% 84,630 213
Monmouthshire 185,865,000 278,806,000 -92,941,000 67% 88,089 1,055
Moray 303,325,000 392,466,000 -89,141,000 77% 87,720 1,016
Moyle 11,533,074 13,731,113 -2,198,039 84% 16,998 129
Neath Port Talbot 392,320,000 667,220,000 -274,900,000 59% 137,392 2,001
New Forest 95,760,000 160,910,000 -65,150,000 60% 177,021 368Newark and Sherwood 53,432,000 83,613,000 -30,181,000 64% 113,620 266
Newcastle upon Tyne 929,750,000 1,279,150,000 -349,400,000 73% 292,179 1,196
Newcastle-under-Lyme 82,128,000 128,826,000 -46,698,000 64% 124,493 375
Newham 649,755,000 1,062,394,000 -412,639,000 61% 240,124 1,718
Newport 309,614,000 455,030,000 -145,416,000 68% 141,306 1,029
Newry and Mourne 43,364,577 51,774,000 -8,409,423 84% 99,880 84
Newtownabbey 41,417,000 49,701,000 -8,284,000 83% 83,605 99
8/2/2019 Pension Deficits 2012 UK
http://slidepdf.com/reader/full/pension-deficits-2012-uk 18/24
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours) 18
Council Assets (£ ) Liabilit ies (£ ) Deficit (£ ) Assets as apercentage
of l iabil ities
Populat ion Deficit share perhead of
population ( £)Norfolk 1,055,376,000 1,382,218,000 -326,842,000 76% 862,346 379
North Ayrshire 501,314,000 545,377,000 -44,063,000 92% 135,180 326
North Devon 50,660,000 75,626,000 -24,966,000 67% 91,472 273
North Dorset 24,654,000 35,408,000 -10,754,000 70% 64,225 167
North Down 38,438,761 45,953,465 -7,514,704 84% 79,940 94
North East Derbyshire 59,336,000 90,077,000 -30,741,000 66% 98,315 313
North East Lincolnshire 277,416,000 440,833,000 -163,417,000 63% 157,314 1,039North Hertfordshire 86,450,000 118,639,000 -32,189,000 73% 125,809 256
North Kesteven 38,933,000 53,815,000 -14,882,000 72% 106,432 140
North Lanarkshire 1,110,223,000 1,275,666,000 -165,443,000 87% 326,360 507
North Lincolnshire 352,461,000 529,472,000 -177,011,000 67% 161,345 1,097
North Norfolk 48,035,000 67,556,000 -19,521,000 71% 101,667 192
North Somerset 302,918,000 436,248,000 -133,330,000 69% 212,194 628
North Tyneside 510,778,000 800,561,000 -289,783,000 64% 198,478 1,460North Warwickshire 43,943,000 59,701,000 -15,758,000 74% 61,872 255
North West Leicestershire 51,600,000 71,602,000 -20,002,000 72% 90,783 220
North Yorkshire 613,800,000 1,016,000,000 -402,200,000 60% 599,708 671
Northampton 158,931,000 254,468,000 -95,537,000 62% 212,130 450
Northamptonshire 652,662,000 900,859,000 -248,197,000 72% 687,319 361
Northumberland 645,700,000 958,970,000 -313,270,000 67% 311,991 1,004
Norwich 215,699,000 298,498,000 -82,799,000 72% 143,488 577Nottingham 707,440,000 1,047,261,000 -339,821,000 68% 306,697 1,108
Nottinghamshire 1,082,300,000 1,589,100,000 -506,800,000 68% 779,890 650
Nuneaton and Bedworth 99,748,000 130,620,000 -30,872,000 76% 122,181 253
Oadby and Wigston 22,185,000 32,526,000 -10,341,000 68% 58,548 177
Oldham 602,000,000 743,400,000 -141,400,000 81% 219,771 643
Omagh 33,272,997 38,103,000 -4,830,003 87% 52,866 91
Orkney Islands 144,383,000 160,052,000 -15,669,000 90% 20,110 779
8/2/2019 Pension Deficits 2012 UK
http://slidepdf.com/reader/full/pension-deficits-2012-uk 19/24
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours) 19
Council Assets (£ ) Liabilit ies (£ ) Deficit (£ ) Assets as apercentage
of l iabil ities
Populat ion Deficit share perhead of
population ( £)Oxford 150,885,000 204,085,000 -53,200,000 74% 153,662 346
Oxfordshire 600,793,000 870,230,000 -269,437,000 69% 648,722 415
Pembrokeshire 320,091,000 376,809,000 -56,718,000 85% 117,086 484
Pendle 63,039,000 96,100,000 -33,061,000 66% 89,283 370
Perth and Kinross 420,154,000 550,227,000 -130,073,000 76% 147,780 880
Peterborough 261,960,000 407,309,000 -145,349,000 64% 173,423 838
Plymouth 455,560,000 674,870,000 -219,310,000 68% 258,710 848Poole 211,847,000 345,303,000 -133,456,000 61% 142,135 939
Portsmouth 387,108,000 625,150,000 -238,042,000 62% 207,121 1,149
Powys 316,770,000 498,150,000 -181,380,000 64% 131,313 1,381
Preston 142,048,000 199,501,000 -57,453,000 71% 135,081 425
Purbeck 20,162,000 30,984,000 -10,822,000 65% 45,190 239
Reading 273,682,000 417,025,000 -143,343,000 66% 154,234 929
Redbridge 405,396,000 626,446,000 -221,050,000 65% 270,501 817Redcar and Cleveland 393,619,000 468,694,000 -75,075,000 84% 137,398 546
Redditch 67,536,000 110,843,000 -43,307,000 61% 78,666 551
Reigate and Banstead 81,724,000 119,136,000 -37,412,000 69% 138,639 270
Renfrewshire 735,798,000 820,048,000 -84,250,000 90% 170,250 495
Rhondda Cynon Taff 539,437,000 1,022,784,000 -483,347,000 53% 234,309 2,063
Ribble Valley 29,461,000 39,687,000 -10,226,000 74% 57,992 176
Richmond upon Thames 371,886,000 482,498,000 -110,612,000 77% 190,920 579Richmondshire 24,308,000 36,679,000 -15,371,000 66% 52,957 290
Rochdale 600,700,000 732,300,000 -131,600,000 82% 205,190 641
Rochford 31,973,000 50,639,000 -18,666,000 63% 83,354 224
Rossendale 42,405,000 64,334,000 -21,929,000 66% 67,396 325
Rother 51,521,000 64,585,000 -13,064,000 80% 89,817 145
Rotherham 612,200,000 850,200,000 -238,000,000 72% 254,605 935
Rugby 59,854,000 79,612,000 -19,758,000 75% 94,188 210
8/2/2019 Pension Deficits 2012 UK
http://slidepdf.com/reader/full/pension-deficits-2012-uk 20/24
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours) 20
Council Assets (£ ) Liabilit ies (£ ) Deficit (£ ) Assets as apercentage
of l iabil ities
Populat ion Deficit share perhead of
population ( £)Runnymede 60,579,000 75,801,000 -15,222,000 80% 85,920 177
Rushcliffe 44,495,000 64,804,000 -20,309,000 69% 112,831 180
Rushmoor 53,750,000 90,220,000 -36,470,000 60% 91,978 397
Rutland 43,420,000 60,139,000 -16,719,000 72% 38,559 434
Ryedale 32,895,000 51,112,000 -18,217,000 64% 53,558 340
Salford 731,800,000 898,100,000 -166,300,000 81% 228,992 726
Sandwell 683,392,000 1,040,253,000 -356,861,000 66% 292,799 1,219Scarborough 80,674,000 143,332,000 -62,658,000 56% 108,590 577
Scottish Borders 339,303,000 421,281,000 -81,978,000 81% 112,870 726
Sedgemoor 53,895,000 94,217,000 -40,322,000 57% 112,798 357
Sefton 481,568,000 715,364,000 -233,796,000 67% 272,876 857
Selby 26,932,000 45,428,000 -18,496,000 59% 82,927 223
Sevenoaks 57,174,000 91,686,000 -34,512,000 62% 114,087 303
Sheffield 1,296,039,000 1,859,352,000 -563,313,000 70% 555,507 1,014Shepway 61,091,000 94,588,000 -33,497,000 65% 101,201 331
Shetland Islands 1,994,000 2,493,000 -499,000 80% 22,400 22
Shropshire 530,454,000 764,460,000 -234,006,000 69% 293,378 798
Slough 177,450,000 274,436,000 -96,986,000 65% 131,084 740
Solihull 360,284,000 481,270,000 -120,986,000 75% 206,091 587
Somerset 560,702,000 954,776,000 -394,074,000 59% 525,186 750
South Ayrshire 442,802,000 486,080,000 -43,278,000 91% 111,440 388South Bucks 30,629,000 42,084,000 -11,455,000 73% 67,477 170
South Cambridgeshire 64,135,000 95,703,000 -31,568,000 67% 146,406 216
South Derbyshire 43,130,000 60,575,000 -17,445,000 71% 93,913 186
South Gloucestershire 425,704,000 571,018,000 -145,314,000 75% 264,826 549
South Hams 65,821,000 80,389,000 -14,861,000 82% 83,724 177
South Holland 37,940,000 54,136,000 -16,196,000 70% 84,561 192
South Kesteven 57,791,000 80,340,000 -22,549,000 72% 132,271 170
8/2/2019 Pension Deficits 2012 UK
http://slidepdf.com/reader/full/pension-deficits-2012-uk 21/24
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours) 21
Council Assets (£ ) Liabilit ies (£ ) Deficit (£ ) Assets as apercentage
of l iabil ities
Populat ion Deficit share perhead of
population ( £)South Lakeland 62,993,000 86,418,000 -23,425,000 73% 103,741 226
South Lanarkshire 1,112,140,000 1,348,280,000 -236,140,000 82% 311,880 757
South Norfolk 49,268,000 67,856,000 -18,588,000 73% 121,780 153
South Northamptonshire 32,922,000 55,586,000 -22,664,000 59% 88,782 255
South Oxfordshire 63,178,000 81,474,000 -18,296,000 78% 130,987 140
South Ribble 52,109,000 73,199,000 -21,090,000 71% 108,349 195
South Somerset 63,477,000 108,247,000 -44,770,000 59% 158,627 282South Staffordshire 31,754,000 49,147,000 -17,393,000 65% 106,592 163
South Tyneside 436,590,000 645,950,000 -209,360,000 68% 153,670 1,362
Southampton 457,280,000 726,930,000 -269,650,000 63% 239,732 1,125
Southend-on-Sea 245,676,000 371,991,000 -126,315,000 66% 165,311 764
Southwark 781,900,000 1,229,400,000 -447,500,000 64% 287,041 1,559
Spelthorne 55,312,000 77,118,000 -21,806,000 72% 93,466 233
St Albans 64,491,000 98,008,000 -33,517,000 66% 138,753 242St Edmundsbury 84,185,000 105,715,000 -21,530,000 80% 104,533 206
St. Helens 419,160,000 572,119,000 -152,958,000 73% 177,363 862
Stafford 61,503,000 92,828,000 -31,325,000 66% 125,968 249
Staffordshire 1,085,600,000 1,654,000,000 -568,400,000 66% 831,290 684
Staffordshire Moorlands 36,998,000 59,458,000 -22,460,000 62% 95,427 235
Stevenage 74,607,000 110,238,000 -35,631,000 68% 81,766 436
Stirling 275,863,000 401,175,000 -125,312,000 69% 89,850 1,395Stockport 477,500,000 550,600,000 -73,100,000 87% 284,645 257
Stockton-on-Tees 517,701,000 602,730,000 -85,029,000 86% 192,389 442
Stoke-on-Trent 569,115,000 807,549,000 -238,434,000 70% 240,072 993
Strabane 19,282,458 22,407,358 -3,124,900 86% 40,099 78
Stratford-on-Avon 54,792,000 75,634,000 -20,842,000 72% 118,985 175
Stroud 51,288,000 78,157,000 -26,869,000 66% 111,717 241
Suffolk 794,473,000 996,649,000 -202,176,000 80% 719,511 281
8/2/2019 Pension Deficits 2012 UK
http://slidepdf.com/reader/full/pension-deficits-2012-uk 22/24
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours) 22
Council Assets (£ ) Liabilit ies (£ ) Deficit (£ ) Assets as apercentage
of l iabil ities
Populat ion Deficit share perhead of
population ( £)Suffolk Coastal 58,868,000 77,231,000 -18,363,000 76% 124,281 148
Sunderland 790,960,000 1,227,540,000 -436,580,000 64% 283,509 1,540
Surrey 998,457,000 1,459,701,000 -461,244,000 68% 1,127,322 409
Surrey Heath 51,612,000 70,511,000 -18,899,000 73% 84,510 224
Sutton 333,575,000 544,805,000 -211,230,000 61% 194,195 1,088
Swale 50,841,000 78,280,000 -27,439,000 65% 133,437 206
Swansea 627,970,000 993,100,000 -365,130,000 63% 232,501 1,570Swindon 307,608,000 458,982,000 -151,374,000 67% 201,757 750
Tameside 615,100,000 753,000,000 -137,900,000 82% 216,882 636
Tamworth 50,629,000 73,134,000 -22,505,000 69% 76,003 296
Tandridge 45,233,000 69,150,000 -23,917,000 65% 83,142 288
Taunton Deane 63,636,000 109,053,000 -45,417,000 58% 109,379 415
Teignbridge 59,916,000 96,264,000 -41,658,000 62% 127,291 327
Telford and Wrekin 294,478,000 416,773,000 -122,295,000 71% 162,613 752Tendring 74,242,000 112,092,000 -37,850,000 66% 148,543 255
Test Valley 60,930,000 97,170,000 -39,440,000 63% 113,465 348
Tewkesbury 29,637,000 49,303,000 -19,666,000 60% 81,690 241
Thanet 100,138,000 152,387,000 -52,249,000 66% 132,169 395
Three Rivers 51,432,000 63,961,000 -12,529,000 80% 88,932 141
Thurrock 203,259,000 308,195,000 -104,936,000 66% 159,658 657
Tonbridge and Malling 59,836,000 89,937,000 -30,101,000 67% 118,768 253Torbay 195,500,000 272,100,000 -76,600,000 72% 134,271 570
Torfaen 231,436,000 356,361,000 -124,925,000 65% 90,533 1,380
Torridge 31,169,000 49,455,000 -18,286,000 63% 65,831 278
Tower Hamlets 740,326,000 1,042,983,000 -302,657,000 71% 237,896 1,272
Trafford 445,600,000 557,500,000 -111,900,000 80% 217,307 515
Tunbridge Wells 57,299,000 83,659,000 -26,360,000 68% 108,173 244
Uttlesford 42,603,000 61,763,000 -19,160,000 69% 77,501 247
8/2/2019 Pension Deficits 2012 UK
http://slidepdf.com/reader/full/pension-deficits-2012-uk 23/24
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours) 23
Council Assets (£ ) Liabilit ies (£ ) Deficit (£ ) Assets as apercentage
of l iabil ities
Populat ion Deficit share perhead of
population ( £) Vale of Glamorgan 222,300,000 370,520,000 -148,220,000 60% 124,976 1,186
Vale of White Horse 40,209,000 59,098,000 -18,889,000 68% 119,814 158
Wakefield 993,900,000 1,377,000,000 -383,100,000 72% 325,573 1,177
Walsall 471,690,000 777,248,000 -305,558,000 61% 256,898 1,189
Waltham Forest 445,895,000 792,445,000 -346,550,000 56% 227,145 1,526
Wandsworth 871,090,000 908,760,000 -88,911,000 96% 289,574 307
Warrington 393,746,000 481,823,000 -88,077,000 82% 198,905 443Warwick 74,916,000 96,234,000 -21,318,000 78% 138,756 154
Warwickshire 642,100,000 878,400,000 -236,300,000 73% 535,982 441
Watford 84,947,000 128,930,000 -43,983,000 66% 86,003 511
Waveney 80,107,000 100,536,000 -20,429,000 80% 117,535 174
Waverley 75,434,000 104,757,000 -29,323,000 72% 120,252 244
Wealden 89,523,000 106,075,000 -16,552,000 84% 144,096 115
Wellingborough 40,641,000 63,778,000 -23,137,000 64% 75,733 306Welwyn Hatfield 85,444,000 123,221,000 -37,777,000 69% 114,368 330
West Berkshire 177,843,000 273,917,000 -96,074,000 65% 153,975 624
West Devon 18,376,000 29,212,000 -10,836,000 63% 53,063 204
West Dorset 58,569,000 77,917,000 -19,348,000 75% 96,712 200
West Dunbartonshire 437,453,000 473,997,000 -36,544,000 92% 90,570 403
West Lancashire 92,798,000 130,011,000 -37,213,000 71% 110,267 337
West Lindsey 33,683,000 50,390,000 -16,707,000 67% 89,401 187West Lothian 436,031,000 522,106,000 -86,075,000 84% 172,080 500
West Oxfordshire 32,907,000 47,495,000 -14,588,000 69% 103,832 140
West Somerset 16,295,000 28,635,000 -12,340,000 57% 35,364 349
West Sussex 866,300,000 1,095,000,000 -228,700,000 79% 799,701 286
Westminster 541,280,000 922,170,000 -380,890,000 59% 253,112 1,505
Weymouth and Portland 51,046,000 76,428,000 -25,382,000 67% 63,532 400
Wigan 681,100,000 819,000,000 -137,900,000 83% 307,577 448
8/2/2019 Pension Deficits 2012 UK
http://slidepdf.com/reader/full/pension-deficits-2012-uk 24/24
55 Tufton Street, London, SW1P 3QL www.taxpayersalliance.com 0845 330 9554 (office hours) 07795 084 113 (24 hours) 24
Council Assets (£ ) Liabilit ies (£ ) Deficit (£ ) Assets as apercentage
of l iabil ities
Populat ion Deficit share perhead of
population ( £)Wiltshire 613,202,000 924,626,000 -311,424,000 66% 459,835 677
Winchester 63,360,000 105,950,000 -42,590,000 60% 114,252 373
Windsor and Maidenhead 186,066,000 290,786,000 -104,720,000 64% 146,148 717
Wirral 683,832,000 983,921,000 -300,089,000 70% 308,837 972
Woking 69,987,000 102,279,000 -32,292,000 68% 93,499 345
Wokingham 144,283,000 208,686,000 -64,403,000 69% 163,222 395
Wolverhampton 666,956,000 1,034,800,000 -367,844,000 64% 239,354 1,537Worcester 52,615,000 77,499,000 -24,884,000 68% 94,763 263
Worcestershire 523,811,000 779,217,000 -255,406,000 67% 557,426 458
Worthing 36,760,000 70,530,000 -33,770,000 52% 103,179 327
Wrexham 323,015,000 500,300,000 -177,285,000 65% 133,559 1,327
Wychavon 44,602,000 71,462,000 -26,860,000 62% 117,028 230
Wycombe 109,276,000 135,641,000 -26,365,000 81% 164,805 160
Wyre 56,860,000 80,547,000 -23,687,000 71% 111,391 213Wyre Forest 53,779,000 86,000,000 -32,221,000 63% 98,147 328
York 277,696,000 414,656,000 -136,960,000 67% 202,447 677
Totals: 132 ,442,891,164 186,540,224,206 -54 ,160,763,041