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National Insurance Fund

Volume 13: debated on Thursday 19 November 1981

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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 1979January 1982Column 4 as percentage
Married man, two children aged four and six; wife not workingEarnings at average levelsEarnings attracting maximum ERSof column 2of column 3
Unemployment benefit (UB)27·2027·2038·00140140
Earnings-related supplement (ERS) to UB13·2916·25Abolished
UB plus ERS40·4943·4538·009487

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.