Skip to main content

Pensions

Volume 978: debated on Thursday 7 February 1980

The text on this page has been created from Hansard archive content, it may contain typographical errors.

asked the Secretary of State for Social Services what would be the financial effects of delaying women's entitlement to retirement pension by one year every two years, commencing with delaying the entitlement of women born after 4 April 1921, until 4 April 1982, for each of the five financial years subsequent to 4 April 1982.

If the pensionable age for women in the national insurance scheme were raised to 61 from 5 April 1981; to 62 from 5 April 1983 and to 63 from 5 April 1985, it is estimated that there would be a saving to central Government funds in 1982–83 of £90 million; in 1983–84 of £120 million; in 1984–85 of £160 million; in 1985–86 of £190 million and in 1986–87 of £220 million. The Government have no plans to introduce such a provision.