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Retirement Age

Volume 886: debated on Thursday 20 February 1975

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asked the Secretary of State for Social Services what would be the net cost or benefit to the National Insurance Fund of making women's retirement age 61 years and men's (a) 64 years, (b) 63 years, (c) 62 years and (d) 61 years, respectively.

The cost of lowering the pension age for men would depend on the extent to which men retired at the lower age. On the assumption that the pattern of retirement during the first five years after the lower age would be the same as it is now between 65 and 70, the cost, allowing for the uprating to £11·60 a week in April, would be about £250 million, £505 million, £780 million and £1,075 million, respectively, a year. The saving from raising the pension age for women would be about £60 million a year.

YearTotalHigh CourtCounty CourtCourt of Summary Jurisdiction
197221,603 (134)21 (—)13,461 (134)8,121
197322,251 (167)34 (1)13,825 (166)8,392
197422,502 (137)43 (—)13,927 (137)8,532
Note: The figures include the numbers of provisional adoption orders which are shown in brackets. These orders confer authority on a person not domiciled in Great Britain to take a child out of this country for adoption.