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State Pensions

Volume 33: debated on Tuesday 30 November 1982

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asked the Prime Minister what assessment Her Majesty's Government have made of the total under or over payment to single pensioners on basic State pension (a) from May 1979 to May 1983 and (b) from November 1979 to November 1983.

In overall terms the real value of the basic retirement pension is around 4 per cent. higher in November 1982 than in November 1978 when the rate we inherited was set. A precise figure will not be known until mid-December. It is not possible at this stage to extend this assessment beyond November 1982.