asked the Secretary of State for Social Services what is his policy towards any deficit on the national insurance fund; and what is the latest estimate available to him of the deficit on the fund.
|May 1979||January 1982||Column 4 as percentage|
|Married man, two children aged four and six; wife not working||Earnings at average levels||Earnings attracting maximum ERS||of column 2||of column 3|
|Unemployment benefit (UB)||27·20||27·20||38·00||140||140|
|Earnings-related supplement (ERS) to UB||13·29||16·25||Abolished|
|UB plus ERS||40·49||43·45||38·00||94||87|
Any deficit emerging on the day-to-day operation of the national insurance fund would be one of the factors taken in account under the annual review of contributions required by section 120 of the Social Security Act 1975. This review is currently taking place and our conclusions, including the Government Actuary's report on the finances of the fund, will be laid before Parliament shortly.