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Retirement Pensions

Volume 887: debated on Monday 3 March 1975

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asked the Secretary of State for Social Services what is her estimate of the proportion of the increase in retirement pensions paid in July 1974 now eroded by rising prices.

On the basis of the General Index of Retail Prices, the increased retirement pension rates introduced in July 1974 had lost 8ยท5 per cent. of their real value by January 1975.