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Retired Service Personnel (Pension Commutation)

Volume 949: debated on Monday 8 May 1978

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asked the Minister for the Civil Service what formula is currently employed to calculate a retired Service man's commuted pension entitlement, including the rate of interest currently applied in that computation; how often that rate of interest is changed; on what basis it is changed, and what is the life expectancy assumed; and whether any different life expectancy is assumed as between men and women.

As the information requested is rather lengthy, I will write to the hon. Member about it as soon as I can.