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Graduated Pensions

Volume 884: debated on Wednesday 22 January 1975

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asked the Secretary of State for Social Services what is the estimated cost of inflation-proofing the benefits payable to recipients of graduated pensions under the present graduated pensions scheme

On the same assumptions as in the Government Actuary's memorandum on the Government's "Better Pensions" (Cmnd. 5713) proposals, the cost, in present-day terms, of price-protecting graduated pensions would rise from about £3 million a year to a maximum of about £90 million a year by the end of the century. Thereafter the cost would decline slowly until all rights to graduated pension had ceased.