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Pensions

Volume 972: debated on Thursday 25 October 1979

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asked the Minister the Civil Service what Civil Service pension is likely to be received on 18 January 1980 and 1 January 1981 by a principal with 40 years' service who retired on 31 December 1973, 1974, 1975, 1976, 1977, 1978, 1979 and 1980, assuming that (a) the latest increases in salary are implemented on the due dates and (b) the increases in the retail price index for pension purposes are 15 per cent. in 1979 and 10 per cent. in 1980.

The rates of pension likely to be received on 1 January 1980 and 1 January 1981 by a principal with 40 years' service who retired on 31 December for the years listed are set out below. It is assumed in each case that pension is based on pensionable pay at the maximum of the pay scale, excluding London weighting and pensionable emoluments. The percentage increase to be applied to Civil Service pensions from November 1979 onwards will be the same as that announced by the Secretary of State for Social Services for uprating the additional component of the new State pension. Assumptions about the retail price index are therefore irrelevant, but, for the purposes of the question, it is assumed that Civil Service pensions will be increased in November 1980 by 10 per cent.

Last day of service and annual rate of pension on 1 January 1980 and 1 January 1981:
Retirement Date19801981
31 December 1973£6,597£7,257
31 December 1974£6,230£6,853
31 December 1975£6,438£7,082
31 December 1976£5,546£6,100
31 December 1977£4,736£5,210
31 December 1978£4,819£5,300
31 December 1979£5,497£5,955
31 December 1980*15,875
* Based on pensionable salary as at 1 April 1979.