Skip to main content

State Retirement Pension

Volume 984: debated on Tuesday 6 May 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, in view of the fact that the present value of the national State retirement pension has been seriously eroded by the high rate of inflation, if he will now consider supporting a six-monthly review.

No. Uprating retirement pensions at six-monthly intervals would involve considerable additional expenditure and administrative work which is out of the question in the present economic situation.The proposed increase of 16ยท5 per cent. from November 1980 takes full account of the estimated movement of prices since the increase in November 1979, which gave retirement pensions their highest ever purchasing power.