The text on this page has been created from Hansard archive content, it may contain typographical errors.
Sir G. Jeffreys
asked the Chancellor of the Exchequer what is the basis upon which pensions are paid to members of the Civil Service; and whether such pensions are subject to any sliding scale in respect of the cost of living?
Sir K. Wood
Apart from a few cases to which earlier arrangements apply, a civil servant's pension is calculated upon his average salary and pensionable emoluments for the last three years of his service at the rate of one-eightieth for each complete year of reckonable service, subject to a maximum of forty eightieths. It does not vary with the cost of living. A lump sum "additional allowance" equal to three times the annual amount of the pension, subject to a maximum of one and a half year's pensionable pay, is also paid on retirement.