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Public Service Pensions

Volume 657: debated on Tuesday 10 April 1962

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asked the Chancellor of the Exchequer what is his estimate of the cost, in the first year, of abandoning the principle of immutability in relation to all public service pensions.

For the public services to which the Pensions (Increase) Acts apply, and the Armed Forces, the cost of bringing all past pensions up to parity with those currently being awarded for similar service is estimated at £70 million in the first year.