8. RECOMMENDATION
8.1 Section 3(4) of the Parliamentary and
other Pensions Act 1987 requires that, at each actuarial valuation,
the Government Actuary shall recommend the rate of contribution
that should be paid by the Exchequer in respect of any financial
year beginning after this report is made. I recommend that the
Exchequer's contributions payable from 1 April 2006 should be
at the rate of 26.8% of the pensionable salaries of MPs and Parliamentary
office holders.
C D Daykin CB MA FIA
GOVERNMENT ACTUARY
17 March 2006
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