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Pension Proposals

Volume 892: debated on Tuesday 13 May 1975

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asked the Secretary of State for Social Services, on the assumption that the provisions of the Social Security Pensions Bill come into operation with average earnings at the level of £60 per week and thence-forward earnings increase by 8 per cent. per annum and prices by 5 per cent. per annum, what

Period new scheme in forceAverage weekly earnings of full-time male manual workersBasic component of pension per weekAdditional component of pension per week of a man retiring after the scheme has been in force for
5 years10 years15 years20 years
££££££
Commencement60·0013·60
5 years88·2020·104·10
10 years129·5029·505·3012·10
15 years190·3043·306·7015·5026·70
20 years279·7063·608·6019·8034·1052·40