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Retirement Pensions

Volume 640: debated on Friday 19 May 1961

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asked the Minister of Pensions what benefit will accrue to a qualified woman teacher of 60 years of age who has responded to the request of her local education authority to continue teaching and who, as a consequence, pays an additional £8 2s. per year in graduated contributions under the National Insurance Act, 1959.

2s. 6d. a week addition to her retirement pension if the woman teacher were to pay this annual amount of graduated contributions for the five years up to her 65th birthday, when graduated contributions cease to be payable.

asked the Minister of Pensions and National Insurance what would be the approximate additional cost of granting non-contributory pensions to all men and women over retiring age who are not so entitled under present regulations.

The estimated cost to the National Insurance Fund of paying pensions at the standard National Insurance rates to all those over pensionable age who do not satisfy the contribution conditions for a retirement pension would be initially of the order of £100 million a year. It is estimated that there would be an offsetting saving of some £30 million a year on National Assistance and the non-contributory old-age pensions administered by the National Assistance Board.