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Civil Service (Women, Superannuation)

Volume 236: debated on Tuesday 4 March 1930

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asked the Financial Secretary to the Treasury what is the esti- mated amount, expressed as a percentage of wages, inclusive of the present cost-of-living bonus, which should be paid annually into a hypothetical pension fund in order to secure for the established women staffs of the Civil Service the benefits payable under the Superannuation Acts; and what rate of interest is the fund assumed to earn in arriving at this percentage?

The allowances which may be awarded under the Superannuation Acts, 1834–1919, subject to the fulfilment of the conditions therein laid down are not related to any fund, and I cannot undertake to incur the expenditure involved in setting on foot the extensive and prolonged actuarial inquiry which would be required to answer my hon. Friend's hypothetical question.